1999 (1) TMI 411

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....tioners who are all officers of the Petitioner No. 13 have approached this Court by way of this Petition under section 633(2) of the Companies Act, 1956 ('the Act'). A show-cause notice dated 24-8-1992 was (issued to the Petitioner herein under section 113(1) of the Companies Act as to why they should not be prosecuted as contemplated in sub-section (2) of section 113 of the Act. The Petitioners b....

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....templated under section 113. In respect of the show-cause notice apprehending that prosecution may be launched, the Petitioners have approached this Court. 2. On 8-10-1992 this Court was pleased to grant ad interim injunction in terms of prayer clause (b) of the petition. On 7-8-1997 the petition was admitted and the ad interim relief granted was continued pending the hearing and final disposal o....