I am sorry, but the provided case content is insufficient to create a meaningful legal summary. The title "Section 173(1)(b) in The Companies Act, 1956" and the information "Court: Union of India - Subsection" and "Date: 18 January 1956" do not constitute a case. A case summary requires information about a dispute, the parties involved (Petitioner/Appellant and Respondent), the facts of the case, the legal issues raised, arguments made by both sides, the court's reasoning, and the final decision or order.

To provide a proper summary, please provide the actual text of a court judgment or a detailed description of a case involving Section 173(1)(b) of the Companies Act, 1956.