Company Law – Application under s. 543 cannot be made in vague terms & to conduct a roving enquiry

HIGH COURT OF KARNATAKA Official Liquidator of Zenith Power Systems (I) Ltd. (In Liqn.) Versus K. Venkatachalam Aravind Kumar, J. C. O. P. No. 138 of 2000 C.A. No. 752 of 2007 JANUARY  21, 2013 ORDER 1. This application by the Official Liquidator is filed under Section 543 of Companies Act, 1956 alleging that respondents being Directors of the company M/s. Zenith Power Constructions (I) Limited (company in liquidation) have abused their fiduciary position, committed breach of trust by non-furnishing the books of account for completing winding up proceedings and on account of ...