https://www.taxtmi.com/caselaws?id=101639 The court dismissed Company Petitions 502 and 506 of 1984, ordering the petitioners to pay costs. Company Petitions 526, 527, 528, 529, and 530 of 1984 were granted relief from criminal proceedings as the directors were part-time with no active involvement in defaults. No orders were passed on Company Applications 331, 332, 333, 334, and 335 of 1984, with a three-week stay on the order. The judgment underscored equal liability for all directors, irrespective of full-time or part-time status, and stressed strict compliance with statutory provisions to safeguard investor interests. en-us Thu, 28 Jul 1988 00:00:00 +0530 Fri, 10 Feb 2012 15:10:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101639 The court dismissed Company Petitions 502 and 506 of 1984, ordering the petitioners to pay costs. Company Petitions 526, 527, 528, 529, and 530 of 1984 were granted relief from criminal proceedings as the directors were part-time with no active involvement in defaults. No orders were passed on Company Applications 331, 332, 333, 334, and 335 of 1984, with a three-week stay on the order. The judgment underscored equal liability for all directors, irrespective of full-time or part-time status, and stressed strict compliance with statutory provisions to safeguard investor interests. Case-Laws Companies Law Thu, 28 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101639