https://www.taxtmi.com/caselaws?id=109097 The court acquitted accused Nos. 2 and 3 of non-compliance with the notice issued by the Official Liquidator under Section 454 of the Companies Act, 1956. The court found that both accused had reasonable excuses for not filing the statement of affairs as they had resigned from their directorship positions well before the winding-up order, thereby lacking the capacity to provide the required information. Consequently, the complaint against accused Nos. 2 and 3 was unsuccessful, and they were cleared of the alleged offences. en-us Wed, 21 Apr 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109097 The court acquitted accused Nos. 2 and 3 of non-compliance with the notice issued by the Official Liquidator under Section 454 of the Companies Act, 1956. The court found that both accused had reasonable excuses for not filing the statement of affairs as they had resigned from their directorship positions well before the winding-up order, thereby lacking the capacity to provide the required information. Consequently, the complaint against accused Nos. 2 and 3 was unsuccessful, and they were cleared of the alleged offences. Case-Laws Companies Law Wed, 21 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109097