https://www.taxtmi.com/caselaws?id=96993 Section 171 of the Companies Act barred continuation only of proceedings against the company itself, so it did not apply to a criminal prosecution against an individual bank manager for alleged cheating. The bank's liquidation did not convert the case into one against the company, and the criminal proceedings were not stopped on that ground. The materials also disclosed a prima facie case of cheating: there was evidence that the petitioner said the cheque would be honoured if further money was deposited, and that the bank was already in liquidation when the representation was made. That was sufficient to justify framing of a charge and allow the prosecution to continue. en-us Thu, 26 Aug 1948 00:00:00 +0530 Fri, 13 Jan 2012 15:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96993 Section 171 of the Companies Act barred continuation only of proceedings against the company itself, so it did not apply to a criminal prosecution against an individual bank manager for alleged cheating. The bank's liquidation did not convert the case into one against the company, and the criminal proceedings were not stopped on that ground. The materials also disclosed a prima facie case of cheating: there was evidence that the petitioner said the cheque would be honoured if further money was deposited, and that the bank was already in liquidation when the representation was made. That was sufficient to justify framing of a charge and allow the prosecution to continue. Case-Laws Companies Law Thu, 26 Aug 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96993