https://www.taxtmi.com/caselaws?id=105069 The court acquitted all respondents, except for two declared proclaimed offenders, in a case concerning the failure to file a statement of affairs under section 454 of the Companies Act, 1956. The decision was based on the absence of evidence establishing culpability and the presence of just and reasonable excuses for not submitting the statement. The judgment underscored the significance of assessing individual circumstances and responsibilities in determining liability under the Act. en-us Tue, 21 Dec 1999 00:00:00 +0530 Fri, 02 Mar 2012 13:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105069 The court acquitted all respondents, except for two declared proclaimed offenders, in a case concerning the failure to file a statement of affairs under section 454 of the Companies Act, 1956. The decision was based on the absence of evidence establishing culpability and the presence of just and reasonable excuses for not submitting the statement. The judgment underscored the significance of assessing individual circumstances and responsibilities in determining liability under the Act. Case-Laws Companies Law Tue, 21 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105069