https://www.taxtmi.com/caselaws?id=103257 The court acquitted both accused individuals as the prosecution failed to prove that they committed an offense under Section 454 of the Companies Act, 1956, without a reasonable excuse. The court emphasized the burden on the prosecution to show that the accused had access to the necessary books and records and failed to file the statement of affairs without a reasonable excuse. Additionally, the court accepted the claim of one accused individual regarding resignation as a director before the winding-up order based on correspondence with the Registrar of Companies. en-us Mon, 29 May 1995 00:00:00 +0530 Tue, 21 Feb 2012 18:06:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103257 The court acquitted both accused individuals as the prosecution failed to prove that they committed an offense under Section 454 of the Companies Act, 1956, without a reasonable excuse. The court emphasized the burden on the prosecution to show that the accused had access to the necessary books and records and failed to file the statement of affairs without a reasonable excuse. Additionally, the court accepted the claim of one accused individual regarding resignation as a director before the winding-up order based on correspondence with the Registrar of Companies. Case-Laws Companies Law Mon, 29 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103257