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(1947) 1 MLJ 54 (Mad)
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Present : Mr. Justice Wadsworth and Mr. Justice Govindarajachari, XJ.
Case Number(s) : A.A.Os. Nos. 216 to 219 and 340 to 343 of 1946.
Judgement Date :
Monday 18th of November 1946
| B. Subramania Iyer Appellant in all the | .....Appellant(s) | | Versus | | | The Podanur Bank, Limited (in Liquidation), Tiruvadamarudur, by its Official Liquidator Respondent in all the | .....Respondent(s) |
Companies Act (VII of 1913), section 237 — Direction for prosecution — Opportunity to delinquents to show cause against — Necessity — Desirability of giving reasons for the order in appealable cases — Principles which should govern the Court in deciding whether or not to prosecute the delinquent officers.
Cases Referred
In re Northern Counties Bank, Ltd. [1883] 31 W.R. 546;
Re Charles Denham & Co. , Ltd. 51 L.T. 570
London and Globe Finance Corporation, Ltd. , In re [1903] 1 Ch.D. 728
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