AVINASH HANSRAJ GAJBHIYE vs OFFICIAL LIQUIDATOR,M/S. V.PHARMA.P.LTD.

The Supreme Court upheld the dismissal of the appellant's review application concerning the orders of the Company Judge under Section 543(1)(a) of the Companies Act, which held ex-Directors jointly liable for misfeasance. The Court noted that the appeal was limited to the order dated 16.8.2002, as earlier orders were barred by limitation and not subject to review. The Court clarified that an order rejecting a review application is not appealable under Section 483 of the Companies Act, thus affirming the High Court's decision.