https://www.taxtmi.com/caselaws?id=97557 Where statutory penal provisions attach liability to company officers only if they were "knowingly and wilfully" party to a default, conviction requires direct or inferable evidence of conscious knowledge or willful intent; proof of corporate default alone is insufficient. The court found the prosecution relied on a single witness who lacked personal knowledge and produced no direct or circumstantial evidence of the directors' knowledge or willfulness, quashing the convictions and acquitting the respondents. Because convictions were unsustainable, there was no basis to enhance the nominal fines and the sentences were set aside. en-us Mon, 23 Dec 1957 00:00:00 +0530 Tue, 17 Jan 2012 12:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97557 Where statutory penal provisions attach liability to company officers only if they were "knowingly and wilfully" party to a default, conviction requires direct or inferable evidence of conscious knowledge or willful intent; proof of corporate default alone is insufficient. The court found the prosecution relied on a single witness who lacked personal knowledge and produced no direct or circumstantial evidence of the directors' knowledge or willfulness, quashing the convictions and acquitting the respondents. Because convictions were unsustainable, there was no basis to enhance the nominal fines and the sentences were set aside. Case-Laws Companies Law Mon, 23 Dec 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97557