https://www.taxtmi.com/caselaws?id=97375 Relief from liability under the Companies Act may be granted where defaults occurred in unavoidable circumstances and the officer acted honestly and reasonably; on the stated facts, the petitioners were excused from apprehended liability because the accounts were delayed after the accountant's death and the omissions were later rectified. That relief was confined to future or apprehended liability and could not affect a prosecution already pending before the Magistrate, because only the court seised of the criminal proceeding could deal with that pending case. The pending prosecution therefore remained untouched. en-us Mon, 09 Apr 1956 00:00:00 +0530 Mon, 16 Jan 2012 14:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97375 Relief from liability under the Companies Act may be granted where defaults occurred in unavoidable circumstances and the officer acted honestly and reasonably; on the stated facts, the petitioners were excused from apprehended liability because the accounts were delayed after the accountant's death and the omissions were later rectified. That relief was confined to future or apprehended liability and could not affect a prosecution already pending before the Magistrate, because only the court seised of the criminal proceeding could deal with that pending case. The pending prosecution therefore remained untouched. Case-Laws Companies Law Mon, 09 Apr 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97375