https://www.taxtmi.com/caselaws?id=98547 The court found that the liquidator was validly appointed in accordance with the law. It was inconclusive whether Ram Samujh Singh's authority to operate the bank account had ended. There was no evidence of collusion between the parties. The Punjab National Bank was not liable, but Ram Samujh Singh was accountable for the amounts he realized. The applicant's claim against Ram Samujh Singh was time-barred. The court had jurisdiction to determine the liabilities of the parties. The applicant was entitled to relief only on two out of the three questions raised, with each party bearing their own costs. en-us Tue, 20 Aug 1968 00:00:00 +0530 Sat, 21 Jan 2012 11:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98547 The court found that the liquidator was validly appointed in accordance with the law. It was inconclusive whether Ram Samujh Singh's authority to operate the bank account had ended. There was no evidence of collusion between the parties. The Punjab National Bank was not liable, but Ram Samujh Singh was accountable for the amounts he realized. The applicant's claim against Ram Samujh Singh was time-barred. The court had jurisdiction to determine the liabilities of the parties. The applicant was entitled to relief only on two out of the three questions raised, with each party bearing their own costs. Case-Laws Companies Law Tue, 20 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98547