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1971 (2) TMI 74 - SUPREME COURTPower of court to assess damages against delinquent, directors, etc. - Held that:- In the present case the High Court has found and that finding has not been shown to be wrong or erroneous in any manner that it was the appellant who enabled M to perpetrate the fraud which apparently resulted in loss to the company. The appellant himself also derived a certain benefit from the fraudulent acts of M. He would thus be clearly liable to repay or restore to the bank the amount in respect of which there was misapplication, misfeasance and breach of trust resulting in loss to the company. The appellant cannot escape liability for the entire amount for which an order has been made against him by the High Court. Appeal dismissed.
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