https://www.taxtmi.com/caselaws?id=111860 The court held that Section 391(6) of the Companies Act does not authorize the company court to stay criminal proceedings against the company or its directors. Criminal proceedings under Section 138 of the Negotiable Instruments Act must proceed independently of any restructuring scheme approved under the Companies Act. The order staying the criminal proceedings was overturned, and the appeal was successful with costs awarded to the appellant. en-us Fri, 23 May 2008 00:00:00 +0530 Wed, 25 Apr 2012 15:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111860 The court held that Section 391(6) of the Companies Act does not authorize the company court to stay criminal proceedings against the company or its directors. Criminal proceedings under Section 138 of the Negotiable Instruments Act must proceed independently of any restructuring scheme approved under the Companies Act. The order staying the criminal proceedings was overturned, and the appeal was successful with costs awarded to the appellant. Case-Laws Companies Law Fri, 23 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111860