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1984 (9) TMI 222 - HIGH COURT OF MADRASExtract: .......e default, which gets completed on the expiry of the aforesaid period and cannot be said to be a continuing one. As the respondents herein were not directors of the first accused-company on the date of the commission of the offence, viz., April 1, 1975, they are not liable to be proceeded against. In the result, the petition fails and is dismissed.
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