TaxTMI 
TaxTMI 
1995 (11) TMI 308
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.... alleged in para 3 of the affidavit in reply dated 28-1-1995 that a sum of Rs. 1,50,00,000 which was advanced to the company as inter-corporate loan is already repaid by the company. It is alleged that on 22-3-1991, the respondent-company paid the said amount to the petitioners by cheque bearing No. 106512 dated 22-3-1991, drawn on the State Bank of Indore, Fort Branch, Bombay and the said cheque ....
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....d Resolution was ever passed by the petitioner in this behalf and Shri Mayur Parekh was never the shareholder or the Director of the petitioner-company. 4. The matter is far too serious. 5. The company is directed to file an affidavit annexing thereto copies of the entries in their books of account, if any, having bearing on the above- referred transaction and particularly the entries concerning....
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.... of the balance sheet of the petitioner for the year 1990-91 may also be produced before the Court. It shall be possible for the Court to verify from the balance sheet as to who were the Directors of the petitioners during these years. 6. The Court would like to ask a few questions to Shri Mayur Parekh, who had opened the account. Shri S.H. Doctor, the learned counsel for the company makes a stat....