https://www.taxtmi.com/caselaws?id=357015 The court allowed condonation of a 114-day delay in filing a reply and directed the Ex-Director to remit a specific amount to the Official Liquidator under sections 446, 542, and 543 of the Companies Act, 1956. The Ex-Director's collection of funds post-winding up order was deemed irregular, leading to a directive for repayment. Legal provisions under section 543(1) were invoked to compel the Ex-Director to return the misappropriated amount. The court extended the timeline for depositing the funds and instructed the inspection and shifting of company records to an alternate location provided by the Ex-Director. en-us Tue, 27 Feb 2018 00:00:00 +0530 Fri, 16 Mar 2018 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357015 The court allowed condonation of a 114-day delay in filing a reply and directed the Ex-Director to remit a specific amount to the Official Liquidator under sections 446, 542, and 543 of the Companies Act, 1956. The Ex-Director's collection of funds post-winding up order was deemed irregular, leading to a directive for repayment. Legal provisions under section 543(1) were invoked to compel the Ex-Director to return the misappropriated amount. The court extended the timeline for depositing the funds and instructed the inspection and shifting of company records to an alternate location provided by the Ex-Director. Case-Laws Companies Law Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357015