https://www.taxtmi.com/caselaws?id=312524 The HC allowed company petitions filed under Section 463 of the Companies Act, 2013, relieving petitioners from liability for alleged violations of Sections 129, 134, 135, and 186 relating to CSR policy compliance. The court found petitioners acted honestly and reasonably despite minor lapses and unintentional acts. Although criminal complaints were filed before the company petitions, summons were served only after the petitions were filed. The court held that prosecuting senior officers for technical defaults would be detrimental to company improvement and granted relief from show cause notices. en-us Wed, 15 Feb 2023 00:00:00 +0530 Fri, 23 Feb 2024 05:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312524 The HC allowed company petitions filed under Section 463 of the Companies Act, 2013, relieving petitioners from liability for alleged violations of Sections 129, 134, 135, and 186 relating to CSR policy compliance. The court found petitioners acted honestly and reasonably despite minor lapses and unintentional acts. Although criminal complaints were filed before the company petitions, summons were served only after the petitions were filed. The court held that prosecuting senior officers for technical defaults would be detrimental to company improvement and granted relief from show cause notices. Case-Laws Companies Law Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312524