Madhava Naik And Ors. vs Popular Bank Ltd., Alleppey on 28 March, 1960
It will not therefore be correct to say that these persons are not persons accused of any offence or that their public examination will not result in their giving evidence against themselves in respect of such offences. The decisions in Suryanarayana v. Vijaya Commercial Bank, AIR 1958 Andh Pra 756 and in Narayanlal V. Maneck Phirose, AIR 1959 Bom 320 cited in the order of the learned Single Judge have no real bearing on the facts of the present case. It does not appear that the persons sought to be publicly examined in those cases had been accused of specific offences punishable under the provisions oi the Companies Act.