SHUBH SHANTI SERVICES LTD. vs MANJULA S. AGARWALLA .

The Supreme Court addressed the appeal against the Bombay High Court's acquittal of the respondents under Section 630 of the Companies Act, 1956, concerning the possession of a flat after the death of the Managing Director. The Court held that the respondents were not entitled to retain possession of the flat post the demise of Shri S.C. Agarwalla, as the tenancy was contingent upon his employment. The Court emphasized that the respondents' continued occupation without a legal basis constituted an offense under the Companies Act, leading to the reversal of the High Court's decision.