https://www.taxtmi.com/caselaws?id=110431 The Court confirmed the registration of an FIR and ongoing investigation into missing machinery, requiring no further directions. Centurion Bank Limited and its dismantling agent were found responsible for the loss of machinery but damages were deemed unquantifiable in the summary proceeding. The Court directed the pursuit of legal action by the affected party. Laxity and collusion of officials were noted, leading to a loss to the public exchequer, prompting investigations and corrective measures. Compliance reports were ordered within six months, and inventory reports were to be shared, concluding the case with damages left for substantive proceedings. en-us Mon, 21 Jun 2004 00:00:00 +0530 Mon, 16 Apr 2012 17:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110431 The Court confirmed the registration of an FIR and ongoing investigation into missing machinery, requiring no further directions. Centurion Bank Limited and its dismantling agent were found responsible for the loss of machinery but damages were deemed unquantifiable in the summary proceeding. The Court directed the pursuit of legal action by the affected party. Laxity and collusion of officials were noted, leading to a loss to the public exchequer, prompting investigations and corrective measures. Compliance reports were ordered within six months, and inventory reports were to be shared, concluding the case with damages left for substantive proceedings. Case-Laws Companies Law Mon, 21 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110431