Company misfeasance summons seeks declaration, inquiry and compelled contribution with interest and payment of costs by respondents Summons under section 340(1) of the Companies Act, 2013 issued by a liquidator or by a creditor/contributory seeks a declaration that specified ... Summary
Company misfeasance summons seeks declaration, inquiry and compelled contribution with interest and payment of costs by respondents
Summons under section 340(1) of the Companies Act, 2013 issued by a liquidator or by a creditor/contributory seeks a declaration that specified respondents misapplied or retained company property or committed misfeasance; an inquiry and accounts to ascertain sums payable by way of compensation; an order for respondents to contribute those sums jointly and severally to the company's assets with interest from the dates of wrongful payment; and an order for costs and other appropriate relief.
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