https://www.taxtmi.com/caselaws?id=101165 Section 630 of the Companies Act, 1956 was treated as a valid penal provision regulating company affairs by prohibiting wrongful withholding of company property, and its reach extended to immovable property under Parliament's legislative competence. A claim of tenancy, asserted after employment ended, was found insufficient on the facts to defeat the complaint, and the pendency of a declaratory suit did not justify staying or quashing the criminal proceedings. Suppression of an earlier withdrawn petition was viewed as a material lapse, but it was not the decisive basis for disposal because the petition lacked merit in any event. en-us Tue, 06 Nov 1984 00:00:00 +0530 Wed, 08 Feb 2012 17:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101165 Section 630 of the Companies Act, 1956 was treated as a valid penal provision regulating company affairs by prohibiting wrongful withholding of company property, and its reach extended to immovable property under Parliament's legislative competence. A claim of tenancy, asserted after employment ended, was found insufficient on the facts to defeat the complaint, and the pendency of a declaratory suit did not justify staying or quashing the criminal proceedings. Suppression of an earlier withdrawn petition was viewed as a material lapse, but it was not the decisive basis for disposal because the petition lacked merit in any event. Case-Laws Companies Law Tue, 06 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101165