https://www.taxtmi.com/caselaws?id=97840 Company court sanction under the Companies Act requires the court to apply whether a 'good citizen' would, at his own expense, be justified in prosecuting, and must consider factors like delay, multiplicity of petty offences and expense; a sanction based solely on a prima facie finding was set aside and remitted for fresh disposal. Conversely, the Companies Act's internal control over the liquidator does not operate as a condition precedent to the validity of criminal prosecutions already instituted by the liquidator under the Indian Penal Code, which remain unaffected. en-us Mon, 03 Oct 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97840 Company court sanction under the Companies Act requires the court to apply whether a 'good citizen' would, at his own expense, be justified in prosecuting, and must consider factors like delay, multiplicity of petty offences and expense; a sanction based solely on a prima facie finding was set aside and remitted for fresh disposal. Conversely, the Companies Act's internal control over the liquidator does not operate as a condition precedent to the validity of criminal prosecutions already instituted by the liquidator under the Indian Penal Code, which remain unaffected. Case-Laws Companies Law Mon, 03 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97840