1936 (12) TMI 24

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.... petitions arise out of ten connected cases tried by the Sub-divisional Magistrate of Guntur in respect of offences punishable under sections 131(4) and 134(4) of the Indian Companies Act of 1913. Cases Nos. 345 to 349 are in respect of offences punishable under section 134 and the others are in respect of offences punishable under section 131, and they relate to the five years 1921 to 1925. secti....

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....bly have been committed. I am therefore of opinion that the convictions under section 134 (4) of the Indian Companies Act in these cases, that is to say, the convictions concerned in Cr. R.C. Nos. 345 to 349 are wrong and must be set aside. The convictions and sentences in these cases are accordingly set aside and the petitioners in these cases are acquitted of the offences charged against them in....