Scope of section 630 of the Companies Act referred to a Larger Bench amid conflicting interpretations

Section 630 of the Companies Act, 1956 was considered on the question whether "officer or employee" covers only the employee and legal heirs, or also other family members in possession of company property. An apparent conflict in earlier Supreme Court decisions on the statutory interpretation was identified, and the matter was referred to a Larger Bench for authoritative determination. No final ruling on the scope of the provision was rendered.

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Issues: Scope of section 630 of the Companies Act, 1956 and whether the expression "officer or employee" includes only the employee and legal heirs or also other family members in possession of company property.

Outcome: An apparent conflict was noticed between earlier decisions on the interpretation of section 630, and the matter was referred to a Larger Bench for authoritative determination. No final adjudication on the issue was made.

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