Actions to be taken in pursuance of inspector's report

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..... er body corporate or other person whose affairs have been investigated under this Chapter been guilty of any offence for which he is criminally liable, the Central Government may prosecute such person for the offence and it shall be the duty of all officers and other employees of the company or body corporate to give the Central Government the necessary assistance in connection with the prosecutio .....

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..... rnment that proceedings ought, in the public interest, to be brought by the company or any body corporate whose affairs have been investigated under this Chapter- (a) for the recovery of damages in respect of any fraud, misfeasance or other misconduct in connection with the promotion or formation, or the management of the affairs, of such company or body corporate; or (b) for the recovery of any p .....

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..... bunal for appropriate orders with regard to disgorgement of such asset, property, or cash, as the case may be, and also for holding such director, key managerial personnel, officer or other person liable personally without any limitation of liability. ******************** Notes:- 1. As Inserted vide Insolvency and Bankruptcy Code, 2016, ELEVENTH SCHEDULE - - statute, statutory provisions legisla .....

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