https://www.taxtmi.com/caselaws?id=105742 The court dismissed the charges against the directors under section 538 of the Companies Act due to lack of evidence proving their possession of company records. The court found the directors had handed over all assets and records to the voluntary liquidator, as evidenced by a receipt. The proceedings were dismissed based on the previous findings and the prolonged unavailability of the voluntary liquidator. Company Application No. 585 of 2000 was allowed, while Company Application No. 668 of 1998 was dismissed. en-us Thu, 16 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 13:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105742 The court dismissed the charges against the directors under section 538 of the Companies Act due to lack of evidence proving their possession of company records. The court found the directors had handed over all assets and records to the voluntary liquidator, as evidenced by a receipt. The proceedings were dismissed based on the previous findings and the prolonged unavailability of the voluntary liquidator. Company Application No. 585 of 2000 was allowed, while Company Application No. 668 of 1998 was dismissed. Case-Laws Companies Law Thu, 16 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105742