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of <h1>Court dismisses petition to set aside order discharging accused directors in excess deposits case</h1> The High Court of Madras dismissed the petition to set aside the order discharging accused directors in a case involving excess deposits by a company, ... Public deposits The High Court of Madras dismissed the petition to set aside the order discharging accused directors in a case involving excess deposits by a company, ruling that the failure to repay by a specific date was not a continuing offense. The court held that directors who were not in office at the time of the offense are not liable.
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