https://www.taxtmi.com/caselaws?id=98712 The court found that the petitioner contravened Section 299(1) of the Companies Act by failing to disclose his interest at the appropriate time. Despite this, the court granted relief to the petitioner from liabilities arising from the contravention, except for the statutory consequence of vacating the office of directorship. The petition was allowed to relieve the petitioner from prosecution and financial liabilities but was dismissed concerning the cessation of directorship. No costs were awarded. en-us Mon, 29 Jun 1970 00:00:00 +0530 Sat, 21 Jan 2012 17:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98712 The court found that the petitioner contravened Section 299(1) of the Companies Act by failing to disclose his interest at the appropriate time. Despite this, the court granted relief to the petitioner from liabilities arising from the contravention, except for the statutory consequence of vacating the office of directorship. The petition was allowed to relieve the petitioner from prosecution and financial liabilities but was dismissed concerning the cessation of directorship. No costs were awarded. Case-Laws Companies Law Mon, 29 Jun 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98712