https://www.taxtmi.com/caselaws?id=459196 Delhi HC dismissed petitioner's challenge to conviction under Section 630 of Companies Act, 1956. Court held Section 630 provides speedy relief where company property is wrongfully obtained or withheld by employees/officers or their representatives. Failure to return company property upon termination, resignation, superannuation or death constitutes wrongful withholding under the provision. Court applied broad, liberal interpretation to Section 630 to fulfill legislative purpose. Despite court's suggestion to extend time for property vacation, petitioner declined and sought merit-based decision. Petition found meritless and dismissed. en-us Mon, 17 Feb 2014 00:00:00 +0530 Wed, 04 Dec 2024 21:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459196 Delhi HC dismissed petitioner's challenge to conviction under Section 630 of Companies Act, 1956. Court held Section 630 provides speedy relief where company property is wrongfully obtained or withheld by employees/officers or their representatives. Failure to return company property upon termination, resignation, superannuation or death constitutes wrongful withholding under the provision. Court applied broad, liberal interpretation to Section 630 to fulfill legislative purpose. Despite court's suggestion to extend time for property vacation, petitioner declined and sought merit-based decision. Petition found meritless and dismissed. Case-Laws Companies Law Mon, 17 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459196