https://www.taxtmi.com/caselaws?id=100059 Relief for company officers under section 633 of the Companies Act, 1956 may be available where the default has been made good and the surrounding criminal process is not validly in motion. The text notes that the complaint was presented while an injunction restraining further proceedings was operative, and that an ex parte order under section 473 of the Code of Criminal Procedure was obtained without notice. It also states that the underlying loan default was cured by repayment and resignation of the concerned director. On that basis, the commentary treats the statutory contravention as relieved and the protection against proceedings as sustained. en-us Wed, 25 Feb 1981 00:00:00 +0530 Tue, 31 Jan 2012 11:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100059 Relief for company officers under section 633 of the Companies Act, 1956 may be available where the default has been made good and the surrounding criminal process is not validly in motion. The text notes that the complaint was presented while an injunction restraining further proceedings was operative, and that an ex parte order under section 473 of the Code of Criminal Procedure was obtained without notice. It also states that the underlying loan default was cured by repayment and resignation of the concerned director. On that basis, the commentary treats the statutory contravention as relieved and the protection against proceedings as sustained. Case-Laws Companies Law Wed, 25 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100059