https://www.taxtmi.com/caselaws?id=379756 The court held that the Magistrate should consider the proviso and deeming provision in Section 127(c) of the Companies Act while issuing process. The existence of a substantial dispute between the parties affected the issuance of process under Section 127(c), leading to the quashing of the orders of issuance of process by the Sessions Court. The court found that the dispute regarding the right to receive dividends was genuine and pending before competent authorities, thereby justifying the quashing of the process. en-us Mon, 22 Apr 2019 00:00:00 +0530 Tue, 07 May 2019 09:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379756 The court held that the Magistrate should consider the proviso and deeming provision in Section 127(c) of the Companies Act while issuing process. The existence of a substantial dispute between the parties affected the issuance of process under Section 127(c), leading to the quashing of the orders of issuance of process by the Sessions Court. The court found that the dispute regarding the right to receive dividends was genuine and pending before competent authorities, thereby justifying the quashing of the process. Case-Laws Companies Law Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379756