Reference to [Tribunal] of cases against managerial personnel.

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....ns under the law, or breach of trust; or      (b) that the business of a company is not or has not been conducted and managed by such person in accordance with sound business principles or prudent commercial practices; or      (c) that a company is or has been conducted and managed by such person in a manner which is likely to cause, or has caused, serious injury or damage to the interest of the trade, industry or business to which such company pertains; or      (d) that the business of a company is or has been conducted and managed by such person with intent to defraud its creditors, members or any other persons or otherwise for a fraudulent or unlawful purpose or in a ma....

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....ral Government to alter or amend the application in such manner and on such terms as may be just, and all such alterations or amendments shall be made as may be necessary for the purpose of determining the real questions in the inquiry.     ---------------------------------- Notes:- [1] Chapter IVA inserted by the Companies (Amendment) Act, 1963, Act 53 of 1963, section 9, w.e.f. 1-1-1964. [2] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Earlier the quoted words were substituted for "High Court" by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991, and "High Court" was substituted fot "Tribunal" by the Companies Tribunal (Abolition) Act, ....