https://www.taxtmi.com/caselaws?id=103820 The court found in favor of the petitioners, the managing director, and former directors of a government undertaking in a case involving alleged violations of sections 292(3), 292(1)(d), and 211 of the Companies Act, 1956. The court determined that the complaints were time-barred, relieving the petitioners from liability under the mentioned sections. Additionally, the court accepted the petitioners' argument that they acted honestly and in the best interests of the company, as no loss was incurred, leading to the dismissal of charges against them under section 211. en-us Mon, 20 Jan 1997 00:00:00 +0530 Fri, 24 Feb 2012 17:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103820 The court found in favor of the petitioners, the managing director, and former directors of a government undertaking in a case involving alleged violations of sections 292(3), 292(1)(d), and 211 of the Companies Act, 1956. The court determined that the complaints were time-barred, relieving the petitioners from liability under the mentioned sections. Additionally, the court accepted the petitioners' argument that they acted honestly and in the best interests of the company, as no loss was incurred, leading to the dismissal of charges against them under section 211. Case-Laws Companies Law Mon, 20 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103820