https://www.taxtmi.com/caselaws?id=380348 Section 621-A of the Companies Act, 1956 empowers compounding of specified offences, and the CLB's discretion may be informed by principles analogous to Section 320 of the CrPC where the statute gives no special guidance. The High Court accepted that the CLB had considered the nature and gravity of the alleged default, public interest, takeover of management, and change in corporate control before allowing compounding. It rejected the appellant's attempt to recast the challenge as a substantial question of law, treating it as a request to reappreciate discretionary findings. The CLB's order was found free from infirmity and no appellate interference was warranted. en-us Wed, 26 Dec 2018 00:00:00 +0530 Wed, 14 Aug 2019 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380348 Section 621-A of the Companies Act, 1956 empowers compounding of specified offences, and the CLB's discretion may be informed by principles analogous to Section 320 of the CrPC where the statute gives no special guidance. The High Court accepted that the CLB had considered the nature and gravity of the alleged default, public interest, takeover of management, and change in corporate control before allowing compounding. It rejected the appellant's attempt to recast the challenge as a substantial question of law, treating it as a request to reappreciate discretionary findings. The CLB's order was found free from infirmity and no appellate interference was warranted. Case-Laws Companies Law Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380348