law: Companies Act, 2013 
  340.
  
    Power
  
  of Tribunal to assess damages against delinquent directors, etc.
  1.      If in the course of
  
  winding up of a company, it appears that any person who has taken part in the
  
  promotion or formation of the company, or any person, who is or has been a director,
  
  manager, Company Liquidator or officer of the company—
  a.     
  
    has
  
  misapplied, or retained, or become liable or accountable for, any money or
  
  property of the company; or
  b.    
  
    has
  
  been guilty of any misfeasance or breach of trust in relation to the company,
  
  the Tribunal may, on the application of the Official Liquidator, or the Company
  
  Liquidator, or of any creditor or contributory, made within the period
  
  specified in that behalf in sub-section (2 ), inquire into the conduct of
  
  the person, director, manager, Company Liquidator or officer aforesaid, and
  
  order him to repay or restore the money or property or any part thereof
  
  respectively, with interest at such rate as the Tribunal considers just and
  
  proper, or to contribute such sum to the assets of the company by way of
  
  compensation in respect of the misapplication, retainer, misfeasance or breach
  
  of trust, as the Tribunal considers just and proper.
  1.     
  2.      An application under
  
  sub-section (1 ) shall be made within five years from the date of the
  
  winding up order, or of the first appointment of the Company Liquidator in the
  
  winding up, or of the misapplication, retainer, misfeasance or breach of trust,
  
  as the case may be, whichever is longer.
  3.      This section shall
  
  apply, notwithstanding that the matter is one for which the person concerned
  
  may be criminally liable.