Himachal Pradesh Court November 1998 Judgments

Hypine Carbons Limited Vs. J.C. Bhatia and ors.

Court: Himachal Pradesh

Reported in: [2001]103CompCas422(HP)

R.L. Khurana, J.1. This order will dispose of the petition preferred under Sections 542 and 543 read with Section 541 of the Companies Act, 1956, by the official liquidator of the petitioner-company, Hypine Carbons Limited, claiming the following reliefs :(a) declaration to the effect that the respondents have been guilty of fraud, misfeasance and/or breach of trust in relation to the company as aforesaid and are jointly and severally liable without any limitation of liability for all the debts of the company amounting to Rs. 12,05,521.85 paise ;(b) direction to the respondents to contribute jointly and severally to the assets of the company and to pay to the official liquidator of the company the aforesaid amount or all such sums as they may be found liable to contribute to such assets as the court may deem fit together with interest on such sums at the rate of 12 per cent. per annum from December 6, 1973, till the date of payment ;(c) costs of the present proceedings ; and(d) such ot...