https://www.taxtmi.com/caselaws?id=99544 The High Court clarified its jurisdiction to grant relief to directors in cases of defaults under section 633(2) of the Companies Act, 1956. It emphasized that its power is anticipatory and distinct from the Magistrate's power, available only before actual proceedings. The court highlighted the two-stage operation of section 633, allowing anticipatory relief by the High Court and relief during actual trials by the relevant court. Ultimately, the petition was dismissed, affirming the High Court's limited role post-initiation of proceedings and reinforcing the need for directors to seek relief during actual trials from the appropriate court. en-us Thu, 17 Nov 1977 00:00:00 +0530 Fri, 27 Jan 2012 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99544 The High Court clarified its jurisdiction to grant relief to directors in cases of defaults under section 633(2) of the Companies Act, 1956. It emphasized that its power is anticipatory and distinct from the Magistrate's power, available only before actual proceedings. The court highlighted the two-stage operation of section 633, allowing anticipatory relief by the High Court and relief during actual trials by the relevant court. Ultimately, the petition was dismissed, affirming the High Court's limited role post-initiation of proceedings and reinforcing the need for directors to seek relief during actual trials from the appropriate court. Case-Laws Companies Law Thu, 17 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99544