https://www.taxtmi.com/caselaws?id=114061 The court dismissed the application under section 543(1) of the Companies Act, 1956 seeking a contribution of Rs. 5,77,750 from the respondents to the company in liquidation. The court found insufficient evidence of misfeasance to impose fines on the respondents, noting that many claims had been settled and no claims were made before the official liquidator despite the petition being pending since 1997. The burden of proving misfeasance or non-feasance rested on the official liquidator, requiring strong evidence beyond public examination of directors and submitted documents. en-us Fri, 31 Mar 2006 00:00:00 +0530 Thu, 10 May 2012 16:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114061 The court dismissed the application under section 543(1) of the Companies Act, 1956 seeking a contribution of Rs. 5,77,750 from the respondents to the company in liquidation. The court found insufficient evidence of misfeasance to impose fines on the respondents, noting that many claims had been settled and no claims were made before the official liquidator despite the petition being pending since 1997. The burden of proving misfeasance or non-feasance rested on the official liquidator, requiring strong evidence beyond public examination of directors and submitted documents. Case-Laws Companies Law Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114061