IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.617 OF 2008 WITH CRIMINAL APPEAL NO. OF 2008 M/s.Commercial Art Engravers P.Ltd.,)..Applicants Versus Tony Valecha & Ors. )..Respondents ---- Mr.Sandeep Koregave i/by V.S.Talkute for the applicants. Mr.P.H.Chander for respondent no.1. Mrs.A.T.Jhaveri APP for the State. ---- Coram : R.S.Mohite,J Coram : R.S.Mohite,J Coram : R.S.Mohite,J Date : 4.9.2008. PC 1. Heard both sides. The matter involves arguable points. The question as to whether the officers who are made parties in capacity of directors/managing directors can be sentenced in absence of the company being the party, requires reconsideration. Similarly, whether the presumption under Section 139 has been properly discharged also requires reconsideration. Hence, leave granted. Office to number the appeal. CRIMINAL APPEAL NO. OF 2008 CRIMINAL APPEAL NO. OF 2008 CRIMINAL APPEAL NO. OF 2008 . Leave has been granted by a separate order passed today. Hence, appeal admitted. Advocate for the respondents in the application waives notice. (R.S.Mohite,J) (R.S.Mohite,J) (R.S.Mohite,J)