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Mr. M. Venkat Rao Versus M/s Emjay Industries Private Ltd., Mr. M. Janardhan Rao, Mr. M. Raj Shekar, Oriental Bank of Commerce, City Union Bank Limited, M/s Venkateshwara Ready Mix Concrete, Mr. Mallipeddi Kaushik Reddy, Mrs. Mallipeddi Sukrutha Devi, Mr. Vaka Prasanna Anji Reddy, Mrs. Vaka Swarna Latha, Telangana State Industrial Infrastructure Corp. Lt. (TSIIC) , Mr. M. Srinivas Rao, Mr. R.K. Reddy (Partner) And Mr. C.V. Ratna Dhaveji, Ratnam Dhaveji And Co.

Oppression and mismanagement - Syphoning of company money - misused Company Money by petitioner - Held that - There is no evidence to support Petitioner that he was entitle to use Company money of ₹ 75 Lakhs for marriage of his daughter. The Resolution dated 25.04.2013 does not say so. Learned Counsel for Respondents rightly argued that Petitioner was changing stands on this count as, somewhere he claims he was authorized to use the money as advance , somewhere he seeks adjustment towards ....... + More



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