1988 (1) TMI 278

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....IAH AND L. M. SHARMA, JJ.   Dr. Y.S. Chitale, H.K. Puri, Parijat Sinha, S.K. Kapur, Ranjan Dev, Mrs. Indra Sawhney, Tapas Roy and D.K. Sinha for the Appearing Parties. D.K. Sinha, K.R. Nambiar, Ms. Reba Roy, K.K. Lahiri and Apsi Ditta for the Interveners. JUDGMENT After hearing Shri S. K. Kapoor, learned counsel appearing for respondent No. 1 in Criminal Appeals Nos. 251-252 of 1986, at....

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....and employees of the company. It has also taken the view that the words "any such property" in clause (b) thereof qualify the words "any property of a company" appearing in clause (a). As observed in Baldev Krishna Sahi's case [1988] 63 Comp Cas 1 (SC), section 630 of the Act plainly makes it an offence if an officer or employee of a company who was permitted to use the property of the company dur....

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....njha [1987] 61 Comp Cas 211, against which these appeals have been filed and upheld the consistent view to the contrary taken by the High Court of Bombay in a series of cases : See Harkishin Lakhimal Gidwani v. Achyut Kashinath Wagh [1982] 52 Comp Cas 1 (Bom) and Govind T. Jagtiani v. Sirajuddin S, Kazi [1984] 56 Comp Cas 329 (Bom). Accordingly, these appeals must succeed and are allowed with cos....