https://www.taxtmi.com/caselaws?id=171848 The court ordered former directors and officers to repay Rs. 16,52,295 to the company for misapplication of funds, with joint and several liability. Respondents 1, 2, and 4 were liable for the full amount, while the other respondents had varying individual liabilities. Interest at six percent per annum from 8-8-1960 was awarded, and respondents 1 to 6 and 8 were directed to pay the liquidator's costs for Claim B. en-us Fri, 02 Apr 1965 00:00:00 +0530 Thu, 06 Aug 2015 11:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171848 The court ordered former directors and officers to repay Rs. 16,52,295 to the company for misapplication of funds, with joint and several liability. Respondents 1, 2, and 4 were liable for the full amount, while the other respondents had varying individual liabilities. Interest at six percent per annum from 8-8-1960 was awarded, and respondents 1 to 6 and 8 were directed to pay the liquidator's costs for Claim B. Case-Laws Companies Law Fri, 02 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171848