M/S Strava Technologies Pvt. Ltd. v. M/S Texonic Instruments
Case brief
What is this about?
Directors convicted in a cheque-dishonour case sought extension of time to deposit compensation under Section 148(2) NI Act nearly a year after the order. The court held the statutory maximum of 90 days could not be extended, found no error in rejecting the memo, distinguished cited precedents, and dismissed the revision petition.