https://www.taxtmi.com/caselaws?id=100091 The court dismissed the appeal and upheld the lower court's decision, holding the appellant liable for the loss of goods in liquidation valued at Rs. 1,29,471.45. The court found the appellant's actions willful and deliberate, causing the loss. It affirmed its jurisdiction under Section 446 of the Companies Act, emphasizing the broad scope of the provision. The court rejected the appellant's arguments on the validity of valuation reports, estoppel, and the need for contempt proceedings. The appellant was ordered to pay the specified amount for the loss and bear the appeal costs. en-us Fri, 31 Jul 1981 00:00:00 +0530 Tue, 31 Jan 2012 12:04:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100091 The court dismissed the appeal and upheld the lower court's decision, holding the appellant liable for the loss of goods in liquidation valued at Rs. 1,29,471.45. The court found the appellant's actions willful and deliberate, causing the loss. It affirmed its jurisdiction under Section 446 of the Companies Act, emphasizing the broad scope of the provision. The court rejected the appellant's arguments on the validity of valuation reports, estoppel, and the need for contempt proceedings. The appellant was ordered to pay the specified amount for the loss and bear the appeal costs. Case-Laws Companies Law Fri, 31 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100091