https://www.taxtmi.com/caselaws?id=110254 Section 391(6) of the Companies Act, 1956 was confined to civil or pecuniary proceedings connected with a compromise or arrangement and did not extend to criminal complaints under section 138 of the Negotiable Instruments Act. The stay also did not protect directors, guarantors, or sureties unless their own contractual position independently conferred such protection. Where a winding-up petition remained pending, rule 71 required notice to petitioning creditors, and an ex parte stay application was procedurally defective without it. en-us Fri, 05 Nov 2004 00:00:00 +0530 Sat, 14 Apr 2012 13:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110254 Section 391(6) of the Companies Act, 1956 was confined to civil or pecuniary proceedings connected with a compromise or arrangement and did not extend to criminal complaints under section 138 of the Negotiable Instruments Act. The stay also did not protect directors, guarantors, or sureties unless their own contractual position independently conferred such protection. Where a winding-up petition remained pending, rule 71 required notice to petitioning creditors, and an ex parte stay application was procedurally defective without it. Case-Laws Companies Law Fri, 05 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110254