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<h1>Summons Issued Under Section 340(1) of Companies Act for Alleged Misappropriation and Misfeasance; Hearing Scheduled.</h1> A summons under section 340(1) of the Companies Act, 2013, has been issued by the National Company Law Tribunal concerning a company, with the applicant being either the company liquidator or a creditor/contributory. The application seeks a declaration against the respondents, who are alleged to have misapplied or misappropriated company funds, committed misfeasance, or breached trust. The summons requests inquiries to determine the sums the respondents must contribute to the company's assets as compensation, along with interest and legal costs. The respondents are required to attend the hearing, failing which the Tribunal may proceed in their absence.