HC Exonerates Company Directors for delayed-filing of Statement of Affairs U/s. 454 Companies Act, 2013

The OL of Neelnandan Polymers Limited (In Liqn) Vs Suresh Gopichand Keswani (Gujarat High Court)

1. Heard learned advocate Mr. Pavan S. Godiawala for the accused and Official Liquidator of the Company [In Liquidation].

2. This criminal case is filed by the Official Liquidator under section 454 of the Companies Act, 1956 as the accused persons did not file statement of affairs within the stipulated time.

3. Accused Nos. 1 to 4 were the Directors of the Co

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