1999 (1) TMI 411

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..... 1 The Petitioners who are all officers of the Petitioner No. 13 have approached this Court by way of this Petition under section 633(2) of the Companies Act, 1956 ('the Act'). A show-cause notice dated 24-8-1992 was (issued to the Petitioner herein under section 113(1) of the Companies Act as to why they should not be prosecuted as contemplated in sub-section (2) of section 113 of the Act. The Pe .....

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..... days as contemplated under section 113. In respect of the show-cause notice apprehending that prosecution may be launched, the Petitioners have approached this Court. 2. On 8-10-1992 this Court was pleased to grant ad interim injunction in terms of prayer clause ( b ) of the petition. On 7-8-1997 the petition was admitted and the ad interim relief granted was continued pending the hearing .....

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..... the following order: Petition allowed in terms of prayer clause (a), which reads as under: "that this Honourable Court be pleased to grant relief under the provisions of section 633(2) of the Act to each of the Petitioners by relieving each of them from criminal liability in the event of it being held by this Honourable Court that the Petitioners of either of them are guilty of negligence, b .....

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