https://www.taxtmi.com/caselaws?id=99606 The court held that the Magistrate had jurisdiction to proceed with the complaint at the time of filing, but the complaint was invalid as it was not filed by the proper person. The complaint against one of the accused, a joint liquidator, was deemed invalid as he could not be compelled to file a statement of affairs. The supervision order did not invalidate the complaint, but it was improperly filed by only one joint liquidator instead of the required two acting jointly. Consequently, the court quashed the proceedings due to the incompetency of the complaint. en-us Thu, 04 May 1978 00:00:00 +0530 Sat, 28 Jan 2012 10:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99606 The court held that the Magistrate had jurisdiction to proceed with the complaint at the time of filing, but the complaint was invalid as it was not filed by the proper person. The complaint against one of the accused, a joint liquidator, was deemed invalid as he could not be compelled to file a statement of affairs. The supervision order did not invalidate the complaint, but it was improperly filed by only one joint liquidator instead of the required two acting jointly. Consequently, the court quashed the proceedings due to the incompetency of the complaint. Case-Laws Companies Law Thu, 04 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99606