2014 (7) TMI 1393

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..... 1 & 2: Mr. B. Narayana Reddy Assistant Solicitor General JUDGMENT: Feeling aggrieved by the failure of the Company Law Board, Chennai Bench, to issue a prior notice and hear them on the quantum of compounding fees required to be paid by them under Section 621A of the Companies Act, 1956 (for short 'the Act'), the appellants filed the present appeal. Upon noticing that the Company Law Board, Ch .....

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..... eddy, the then Assistant Solicitor General, while candidly conceding that the Company Law Board has not been following this procedure in applications filed for compounding the offences and that instead the quantum of compounding fee was being intimated to the applicants in an informal manner without there being an order in writing, has requested for an adjournment for filing an affidavit undertaki .....

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..... g the compounding fees and passing orders thereon. Having regard to the affidavit of the Bench Officer as referred to above, the company appeal is closed. As the application for compounding the offence is pending adjudication by the Company Law Board, the interim order of stay granted by this Court on 18.06.2014 shall continue till the disposal of the said application.
Case laws, Decisions, J .....

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