https://www.taxtmi.com/caselaws?id=109303 Section 630 of the Companies Act, 1956 is described as a summary remedy for wrongful obtaining and wrongful withholding of company property, including immovable property, and it extends to former employees and persons claiming through them. The provision is stated to operate despite parallel civil proceedings, because it creates a lawful procedure for recovery of company property. The text also notes that a chairman's informal assurance does not bind the company unless authorised by the board or governing instruments, and continued occupation after notice may amount to wrongful withholding. A later civil interim arrangement may affect immediate delivery of possession, but not the earlier wrongful retention. en-us Wed, 11 May 2005 00:00:00 +0530 Tue, 11 Jul 2023 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109303 Section 630 of the Companies Act, 1956 is described as a summary remedy for wrongful obtaining and wrongful withholding of company property, including immovable property, and it extends to former employees and persons claiming through them. The provision is stated to operate despite parallel civil proceedings, because it creates a lawful procedure for recovery of company property. The text also notes that a chairman's informal assurance does not bind the company unless authorised by the board or governing instruments, and continued occupation after notice may amount to wrongful withholding. A later civil interim arrangement may affect immediate delivery of possession, but not the earlier wrongful retention. Case-Laws Companies Law Wed, 11 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109303