https://www.taxtmi.com/caselaws?id=99920 Section 630 of the Companies Act, 1956 was interpreted to contain two independent limbs: wrongful obtaining of company property and wrongful withholding of company property already in possession. A former employee who retained company property after retirement was held to fall within the wrongful withholding limb, because the phrase "any such property" refers to company property and is not limited to property initially acquired unlawfully. The court also held that the complaint disclosed a prima facie case, process had been validly issued, and there was no basis to quash the proceedings in inherent or revisional jurisdiction. en-us Thu, 11 Sep 1980 00:00:00 +0530 Mon, 30 Jan 2012 15:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99920 Section 630 of the Companies Act, 1956 was interpreted to contain two independent limbs: wrongful obtaining of company property and wrongful withholding of company property already in possession. A former employee who retained company property after retirement was held to fall within the wrongful withholding limb, because the phrase "any such property" refers to company property and is not limited to property initially acquired unlawfully. The court also held that the complaint disclosed a prima facie case, process had been validly issued, and there was no basis to quash the proceedings in inherent or revisional jurisdiction. Case-Laws Companies Law Thu, 11 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99920