https://www.taxtmi.com/caselaws?id=103831 Provision construed as a civil remedy tied to proceedings addressing negligence, default, breach of duty, misfeasance or breach of trust and empowers courts to excuse officers who acted honestly and reasonably, but it does not permit restraining criminal prosecution or grant anticipatory relief against criminal proceedings; where no pleaded or established loss to the company arose from non-preparation or non-submission of accounts and statutory late-filing remedies remained available, the civil excuse mechanism was not engaged and the petition seeking injunction against prosecution and extension for holding the AGM and filing accounts was dismissed. en-us Fri, 07 Feb 1997 00:00:00 +0530 Fri, 24 Feb 2012 17:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103831 Provision construed as a civil remedy tied to proceedings addressing negligence, default, breach of duty, misfeasance or breach of trust and empowers courts to excuse officers who acted honestly and reasonably, but it does not permit restraining criminal prosecution or grant anticipatory relief against criminal proceedings; where no pleaded or established loss to the company arose from non-preparation or non-submission of accounts and statutory late-filing remedies remained available, the civil excuse mechanism was not engaged and the petition seeking injunction against prosecution and extension for holding the AGM and filing accounts was dismissed. Case-Laws Companies Law Fri, 07 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103831