https://www.taxtmi.com/caselaws?id=106132 The court dismissed Company Application No. 446 of 1998 in Company Petition No. 457 of 1997, ruling that the terms "legal proceedings" in the Companies Act, 1956, refer only to civil proceedings related to winding-up and do not encompass criminal complaints under the Negotiable Instruments Act. Additionally, in Company Application (Lodging) No. 621 of 1998 in Company Petition No. 220 of 1997, the court partially allowed an extension for depositing the ordered amount but rejected the request to stay proceedings. The judgment clarified that criminal prosecutions should proceed independently of the winding-up process without requiring permission from the company court. en-us Fri, 04 Sep 1998 00:00:00 +0530 Mon, 12 Mar 2012 17:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106132 The court dismissed Company Application No. 446 of 1998 in Company Petition No. 457 of 1997, ruling that the terms "legal proceedings" in the Companies Act, 1956, refer only to civil proceedings related to winding-up and do not encompass criminal complaints under the Negotiable Instruments Act. Additionally, in Company Application (Lodging) No. 621 of 1998 in Company Petition No. 220 of 1997, the court partially allowed an extension for depositing the ordered amount but rejected the request to stay proceedings. The judgment clarified that criminal prosecutions should proceed independently of the winding-up process without requiring permission from the company court. Case-Laws Companies Law Fri, 04 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106132