law: Companies Act, 2013 
  75.
  
    Damages
  
  for fraud.
  1.      Where a company fails
  
  to repay the deposit or part thereof or any interest thereon referred to in
  
  section 74 within the time specified in sub-section (1 ) of that section
  
  or such further time as may be allowed by the Tribunal under sub-section (2 )
  
  of that section, and it is proved that the deposits had been accepted with
  
  intent to defraud the depositors or for any fraudulent purpose, every officer
  
  of the company who was responsible for the acceptance of such deposit shall,
  
  without prejudice to the provisions contained in subsection (3 ) of that
  
  section and liability under section 447, be personally responsible, without any
  
  limitation of liability, for all or any of the losses or damages that may have
  
  been incurred by the depositors.
  2.      Any suit, proceedings
  
  or other action may be taken by any person, group of persons or any association
  
  of persons who had incurred any loss as a result of the failure of the company
  
  to repay the deposits or part thereof or any interest thereon.