2019 (7) TMI 1359

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....OL For The Respondent : AMBADIPUDI SATYANARAYANA ORDER: This Company Application is filed by the Official Liquidator praying to grant the following reliefs: (i) declare that the respondents herein are guilty for misappropriation of funds of the company, hence the respondents herein became liable and accountable for an amount of Rs. 25,96,225/- as per the Report of the Chartered A....

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....erification of receipts and payments, there is a difference of Rs. 25,96,225/- and to that extent the respondents are liable to be proceeded for recovery of the said amount with interest. A counter affidavit is filed by the 2nd respondent-Dasari Kamalnath. Though the counter affidavit is filed disputing the Auditor's report, as can be seen from the Docket proceedings dated 07.04.2014, the responde....

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....urchaser Mr.Sameer Ullah Khan, H.No.10-1-963/64, A.C. Guards, Khairatabad, Hyderabad - 500004, and the sale in favour of the auction purchaser stood confirmed by this Court pursuant to the orders in C.A.No.250 of 2018. Admittedly, inasmuch as there being no other assets available with Mr.D.Subramaniam who was the person alleged to have misappropriated the funds of the company in liquidation, an....