https://www.taxtmi.com/caselaws?id=103941 Territorial jurisdiction was upheld where the complaint over refusal to register debenture transfers and non-payment of interest arose within the Magistrate's area, so the Jaipur court could proceed. Locus standi was also affirmed because the complainant alleged purchase of debentures in the open market, delivery for transfer, and resulting grievance from non-registration and unpaid interest. The complaint was further found to disclose a prima facie offence under section 113(2) of the Companies Act, 1956, and the petitioners were treated as prima facie falling within the expression "officers in default". The revision therefore failed and the proceedings were allowed to continue. en-us Mon, 13 Oct 1997 00:00:00 +0530 Sat, 25 Feb 2012 11:33:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103941 Territorial jurisdiction was upheld where the complaint over refusal to register debenture transfers and non-payment of interest arose within the Magistrate's area, so the Jaipur court could proceed. Locus standi was also affirmed because the complainant alleged purchase of debentures in the open market, delivery for transfer, and resulting grievance from non-registration and unpaid interest. The complaint was further found to disclose a prima facie offence under section 113(2) of the Companies Act, 1956, and the petitioners were treated as prima facie falling within the expression "officers in default". The revision therefore failed and the proceedings were allowed to continue. Case-Laws Companies Law Mon, 13 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103941