https://www.taxtmi.com/caselaws?id=105078 The court dismissed the appeal, affirming that criminal proceedings under Section 138 of the Negotiable Instruments Act cannot be stayed under Section 446 of the Companies Act, 1956. It was held that Section 446 does not apply to criminal proceedings unrelated to the company's assets, emphasizing the need for a connection between the criminal case and the company's assets for Section 446 to be invoked. The court referred to precedents and highlighted that the provisions of the Negotiable Instruments Act override those of the Companies Act in this context. en-us Thu, 13 Jan 2000 00:00:00 +0530 Fri, 02 Mar 2012 13:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105078 The court dismissed the appeal, affirming that criminal proceedings under Section 138 of the Negotiable Instruments Act cannot be stayed under Section 446 of the Companies Act, 1956. It was held that Section 446 does not apply to criminal proceedings unrelated to the company's assets, emphasizing the need for a connection between the criminal case and the company's assets for Section 446 to be invoked. The court referred to precedents and highlighted that the provisions of the Negotiable Instruments Act override those of the Companies Act in this context. Case-Laws Companies Law Thu, 13 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105078