https://www.taxtmi.com/caselaws?id=104520 The court clarified that penal provisions under the Companies Act, 1956 fall within the jurisdiction of criminal courts, not the Company Law Board. The judgment emphasized the distinction between civil and criminal jurisdiction, stating that criminal penalties must be adjudicated by competent criminal courts. The Board's powers are akin to a civil court for certain matters, not for penal jurisdiction. The court allowed the petition, setting aside lower court orders and reaffirming the role of criminal courts in adjudicating criminal liability and punishment under the Act. en-us Wed, 03 Sep 1997 00:00:00 +0530 Wed, 29 Feb 2012 13:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104520 The court clarified that penal provisions under the Companies Act, 1956 fall within the jurisdiction of criminal courts, not the Company Law Board. The judgment emphasized the distinction between civil and criminal jurisdiction, stating that criminal penalties must be adjudicated by competent criminal courts. The Board's powers are akin to a civil court for certain matters, not for penal jurisdiction. The court allowed the petition, setting aside lower court orders and reaffirming the role of criminal courts in adjudicating criminal liability and punishment under the Act. Case-Laws Companies Law Wed, 03 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104520