1941 (11) TMI 16

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....and V. Sundaresan for he Respondent. V.L. Ethiraj for the Crown. ORDER A sabha of the Sourashtra community was registered as a society. In contravention of the provisions of section 86(d) of the Companies Act, the directors sanctioned a loan to the 2nd accused-who was a director-for a period of one year. Before that year had terminated, the present complainant, who is one of the directors....

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....were those who were parties to the first resolution. The complainant approached the Sessions Judge, who has referred the matter to this Court, expressing the opinion that the 2nd accused was guilty of abetting the offence by receiving the loan himself. The complainant has also filed a revision petition in this Court against the acquittal of the 1st accused, who is said to have been a party t....

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....ould see that such an illegality was not committed again and that they should take steps to end it. However, I do not think that it is necessary to intervene in this matter at the instance of a private party and to punish the various accused for something that was done in 1939, especially as the loan has been repaid and no fresh breach under this section seems to have been committed. It is cont....