https://www.taxtmi.com/caselaws?id=312541 The court determined that the power under Section 633(2) of the Companies Act, 1956, can be invoked even after the initiation of criminal prosecution. The preliminary objection by Vis-ram Financial Services was dismissed, affirming the maintainability of the main petition filed by the directors of Meta Films (India) Ltd. The application for dismissal was rejected, allowing the applicant to respond to the main petition on its merits. This decision highlights the High Court's broader jurisdiction to grant relief under Section 633(2) beyond pre-prosecution stages, contrary to previous interpretations by various High Courts. en-us Wed, 23 Oct 2013 00:00:00 +0530 Fri, 23 Feb 2024 11:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312541 The court determined that the power under Section 633(2) of the Companies Act, 1956, can be invoked even after the initiation of criminal prosecution. The preliminary objection by Vis-ram Financial Services was dismissed, affirming the maintainability of the main petition filed by the directors of Meta Films (India) Ltd. The application for dismissal was rejected, allowing the applicant to respond to the main petition on its merits. This decision highlights the High Court's broader jurisdiction to grant relief under Section 633(2) beyond pre-prosecution stages, contrary to previous interpretations by various High Courts. Case-Laws Companies Law Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312541