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1995 (3) TMI 344 - SC - Companies LawWhether a petition under section 630 of the Act is maintainable against the legal heirs of a deceased officer or an employee for retrieval of the company's property? Held that:- Appeal dismissed. As our answer to the question posed in the earlier part of this judgment is in the affirmative and we hold that a petition under section 630 of the Act is maintainable against the legal heirs of the deceased officer/employee for retrieval of the company's property wrongfully withheld by them after the demise of the employee concerned. The High Court was, therefore, right in dismissing the petitions filed by the appellants under section 482 of the Criminal Procedure Code and declining to quash the proceedings initiated by the employer of the deceased employee for retrieval of the company's property under section 630 of the Act.
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