AMRIT LAL CHUM vs DEVOPRASAD DUTTA ROY AND ANR. ETC.

The Supreme Court clarified that Section 630 of the Companies Act, 1956 criminalizes the wrongful retention of company property by both current and former officers or employees after termination of employment. The Court held that the term 'officer or employee' includes those whose employment has ended, thereby overruling the Calcutta High Court's interpretation in Amrit Lal Chum v. Devi Ranjan Jha. The Court emphasized that wrongful withholding of property post-employment constitutes an offence under Section 630(1).