Personal liability of the directors

Dear sowmya,

1. the cooperative society may approach the civil court with documentary evidence for recovery of money.

2. as it is not clear of the word "misutilise" i can say that the owner may follow the clauses mentioned in the lease deed.  Otherwise he may also demand for cancellation of the deed and make the company vacate the property.

dear sowmya,

1. the cooperative society may approach the civil court for recovery of loan amount with all documentary evidence.

2. the owner of the property shall follow the clauses incorporated in the lease deed,

if possible the owner of the property may cancel the lease deed and may cause the company to vacate the property.