An application under Section 543 of the Companies Act, 1956 cannot be made in vague terms and it cannot...

An application under Section 543 of the Companies Act, 1956 cannot be made in vague terms and it cannot be used as a power to conduct a roving enquiry in these proceedings and to ascertain as to whether there is any act of misfeasance on the part of erstwhile directors. - HC .....

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