https://www.taxtmi.com/caselaws?id=165455 The High Court acquitted two respondents, a manager and managing director, in an appeal against their conviction under Section 120-B IPC read with Essential Commodities Act and Iron and Steel Control Order. The court emphasized the lack of evidence proving their direct involvement in selling pig iron at inflated prices. The absence of proof linking them to the sale led to their acquittal. The appellant's argument for their conviction under Section 10 of the Essential Commodities Act was dismissed as the company itself was not found guilty of the offense, absolving the respondents of liability. The appeal was consequently dismissed. en-us Wed, 28 Oct 1970 00:00:00 +0530 Tue, 16 Jan 2018 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165455 The High Court acquitted two respondents, a manager and managing director, in an appeal against their conviction under Section 120-B IPC read with Essential Commodities Act and Iron and Steel Control Order. The court emphasized the lack of evidence proving their direct involvement in selling pig iron at inflated prices. The absence of proof linking them to the sale led to their acquittal. The appellant's argument for their conviction under Section 10 of the Essential Commodities Act was dismissed as the company itself was not found guilty of the offense, absolving the respondents of liability. The appeal was consequently dismissed. Case-Laws Indian Laws Wed, 28 Oct 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165455