TMI Blog2018 (3) TMI 1070X X X X Extracts X X X X X X X X Extracts X X X X ..... es Limited for its having issued Redeemable Preference Shares in violation of the provisions of the Companies Act, 1956. Since the appellant was held to be the director of the said company at the relevant point of time an order was passed against him, in pursuance of which his bank account(s) were attached. The said order has been upheld by the Securities Appellate Tribunal, Mumbai. We find ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tries Limited for its having issued Redeemable Preference Shares in violation of the provisions of the Companies Act, 1956. Since the appellant was held to be the director of the said company at the relevant point of time an order was passed against him, in pursuance of which his bank account(s) were attached. The said order has been upheld by the Securities Appellate Tribunal, Mumbai. We fi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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