Power of Tribunal to assess damages against delinquent directors, etc.

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....roposal, it appears to the Tribunal that any person who has taken part in the promotion, formation or management of the sick company or its undertaking, including any director, manager, officer or employee of the sick company who are or have been in employment of such company,-           (a) has misapplied or retained, or become liable or accountable for,....

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.... the person including any punishment for fraud in the manner as provided in section 447.      (2) If the Tribunal is satisfied on the basis of the information and evidence in its possession with respect to any person who is or was a director or an officer or other employee of the sick company, that such person by himself or along with others had diverted the funds or other p....