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MESSRS FANCY MANUFACTURES LIMITED versus EQUITY PARTICIPATION FUND


The Appellant High Court did not dispute its own verified statement of its account regarding the statement of accounts filed with sections 6 and 9 against the decree of recovery of the loan amount and stated that the respondent company had 10%. Received Rs. 1,21,110 as premium for three years and for 168 days, no annual document was found that the respondent was not authorized to receive / claim such amount from the appellant, the amount of the respondent Was not entitled, therefore, the High Court partially dismissed the appeal and the amended judgment / decree

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