https://www.taxtmi.com/caselaws?id=97407 The court found in favor of the applicant, establishing the charge of fictitious purchases and consumption of stores amounting to Rs. 2,61,700. The respondent's arguments on ratification and the company's private entity status were dismissed. The respondent was ordered to contribute Rs. 2,61,700 to the company's assets, with interest at 4% from 28th February 1955, and costs on a long cause scale. en-us Mon, 27 Feb 1956 00:00:00 +0530 Mon, 16 Jan 2012 15:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97407 The court found in favor of the applicant, establishing the charge of fictitious purchases and consumption of stores amounting to Rs. 2,61,700. The respondent's arguments on ratification and the company's private entity status were dismissed. The respondent was ordered to contribute Rs. 2,61,700 to the company's assets, with interest at 4% from 28th February 1955, and costs on a long cause scale. Case-Laws Companies Law Mon, 27 Feb 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97407