Fine for non-furnishing of financial documents reduced due to financial difficulty of directors

Vimal Nanda & Anr Vs Registrar of Companies NCT o f Delhi & Haryana (Delhi High Court) Delhi High Court held that fine imposed for non-furnishing of financial documents on directors of the company is justifiable, however, compounding fine amount reduced from Rs. 1.50 Lakhs to Rs. 1 Lakhs due to severe financial difficulty faced by the directors. Facts- Application under Section 528 of Bhartiya Nagrik Suraksha Sanhita, 2023 read with Section 482 of the Code of Criminal Procedure, 1973 (Cr.P.C.) has been filed on behalf of the Petitioners, seeking waiver of cost imposed vide Order dated ...