https://www.taxtmi.com/caselaws?id=108055 Section 633(2) empowers the Court to relieve company officers from apprehended proceedings where a technical default occurred, but their conduct was honest and reasonable. Here, the petitioners showed that the company's management had been taken over under the Textile Undertakings (Taking Over of Management) Ordinance, 1983, and that failures to hold annual general meetings and file returns arose for reasons beyond their control. On that basis, the High Court granted relief, accepting that the defaults were technical and did not reflect dishonest or unreasonable conduct. en-us Tue, 12 Jan 1999 00:00:00 +0530 Wed, 28 Mar 2012 15:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108055 Section 633(2) empowers the Court to relieve company officers from apprehended proceedings where a technical default occurred, but their conduct was honest and reasonable. Here, the petitioners showed that the company's management had been taken over under the Textile Undertakings (Taking Over of Management) Ordinance, 1983, and that failures to hold annual general meetings and file returns arose for reasons beyond their control. On that basis, the High Court granted relief, accepting that the defaults were technical and did not reflect dishonest or unreasonable conduct. Case-Laws Companies Law Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108055