https://www.taxtmi.com/caselaws?id=113837 The court dismissed the application under section 468 of the Companies Act, finding it lacked merit. The liquidator failed to prove the respondent's liability for remitting Rs. 80,76,906 to the company in liquidation. The court suggested pursuing claims against third parties involved in illegal mining activities, as evidence did not link the respondent to the misappropriated amount. en-us Fri, 10 Jul 2009 00:00:00 +0530 Thu, 06 Nov 2014 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113837 The court dismissed the application under section 468 of the Companies Act, finding it lacked merit. The liquidator failed to prove the respondent's liability for remitting Rs. 80,76,906 to the company in liquidation. The court suggested pursuing claims against third parties involved in illegal mining activities, as evidence did not link the respondent to the misappropriated amount. Case-Laws Companies Law Fri, 10 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113837