https://www.taxtmi.com/caselaws?id=100017 The court held that leave was not required under section 446(1) of the Companies Act, 1956, to continue criminal prosecutions against the former directors and officers of a company in liquidation. The judgment clarified that such prosecutions against individuals do not fall within the scope of the provision requiring court permission for legal proceedings against the company itself post-winding up. Precedents from other High Courts and Supreme Court decisions supported this interpretation. As a result, the court disposed of the summons seeking direction to grant leave to continue the criminal cases against the former directors and officers. en-us Wed, 08 Oct 1980 00:00:00 +0530 Mon, 30 Jan 2012 18:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100017 The court held that leave was not required under section 446(1) of the Companies Act, 1956, to continue criminal prosecutions against the former directors and officers of a company in liquidation. The judgment clarified that such prosecutions against individuals do not fall within the scope of the provision requiring court permission for legal proceedings against the company itself post-winding up. Precedents from other High Courts and Supreme Court decisions supported this interpretation. As a result, the court disposed of the summons seeking direction to grant leave to continue the criminal cases against the former directors and officers. Case-Laws Companies Law Wed, 08 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100017