https://www.taxtmi.com/caselaws?id=101935 Private examination of company officers under section 477(1) of the Companies Act, 1956 is intended to assist winding up and gather information on the company's affairs, including assets, liabilities, debtors, creditors and recoveries. The examination is not rendered oppressive or collateral merely because prosecution under section 454(5) is also pending, if the process is genuinely connected with winding up. The court may nevertheless refuse examination of particular officers where, on the facts, it is unnecessary for the winding-up purpose. The commentary notes that limited relief may be granted by exempting some non-petitioners while maintaining the process for others. en-us Tue, 19 Dec 1989 00:00:00 +0530 Mon, 13 Feb 2012 12:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101935 Private examination of company officers under section 477(1) of the Companies Act, 1956 is intended to assist winding up and gather information on the company's affairs, including assets, liabilities, debtors, creditors and recoveries. The examination is not rendered oppressive or collateral merely because prosecution under section 454(5) is also pending, if the process is genuinely connected with winding up. The court may nevertheless refuse examination of particular officers where, on the facts, it is unnecessary for the winding-up purpose. The commentary notes that limited relief may be granted by exempting some non-petitioners while maintaining the process for others. Case-Laws Companies Law Tue, 19 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101935