https://www.taxtmi.com/caselaws?id=99761 Where an official liquidator's report contains factual particulars such as unaccounted or double payments, missing ledger entries, preferential payments and indications of misappropriation, the court may infer a prima facie case of fraud without criminal grade particularity and validly order a public examination of the managing director under the statutory public examination framework; such an order was sustained. An application for exculpation made under the statutory provision may be heard on evidence, which ordinarily includes answers obtained at the public examination, and does not automatically defer or stay the public examination. en-us Tue, 20 Nov 1979 00:00:00 +0530 Mon, 30 Jan 2012 10:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99761 Where an official liquidator's report contains factual particulars such as unaccounted or double payments, missing ledger entries, preferential payments and indications of misappropriation, the court may infer a prima facie case of fraud without criminal grade particularity and validly order a public examination of the managing director under the statutory public examination framework; such an order was sustained. An application for exculpation made under the statutory provision may be heard on evidence, which ordinarily includes answers obtained at the public examination, and does not automatically defer or stay the public examination. Case-Laws Companies Law Tue, 20 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99761