https://www.taxtmi.com/caselaws?id=769206 The Calcutta HC dismissed a criminal revision challenging rejection of discharge petition under Section 452 of Companies Act, 2013. The petitioner, a company officer/employee, allegedly wrongfully retained company property. The HC held that the Magistrate correctly issued summons as the case required evidence-based determination at trial. Following SC precedent in Hooghly Mills Company Limited case, the court ruled that premature discharge without evidence would exceed judicial jurisdiction. The interlocutory order was deemed legally sound, requiring no interference. The revision was dismissed as meritless. en-us Fri, 06 Sep 2024 00:00:00 +0530 Tue, 22 Apr 2025 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769206 The Calcutta HC dismissed a criminal revision challenging rejection of discharge petition under Section 452 of Companies Act, 2013. The petitioner, a company officer/employee, allegedly wrongfully retained company property. The HC held that the Magistrate correctly issued summons as the case required evidence-based determination at trial. Following SC precedent in Hooghly Mills Company Limited case, the court ruled that premature discharge without evidence would exceed judicial jurisdiction. The interlocutory order was deemed legally sound, requiring no interference. The revision was dismissed as meritless. Case-Laws Companies Law Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769206