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<h1>Appeal Dismissed in Compensation Case for Misleading Statements in Prospectus</h1> <h3>Amichand Doss Dwarakadoss Versus T. Manavalan Tirumalpad</h3> The High Court dismissed the appeal in a case involving compensation sought by the appellant against directors for misleading statements in a prospectus, ... Prospectus – Registration of The judgment concerns the application of Article 36 of the Limitation Act in a case against directors for compensation due to a misleading prospectus. The appellant sought compensation for loss resulting from false statements in the prospectus of Cochin Furniture Company. The trial court awarded compensation, but the appeal court ruled the suit out of time under Article 36. The High Court agreed with the appeal court, dismissing the appeal.