High Court of Punjab and HaryanaCAPP/42/2015allowed

M/S Punjab Tissue Ltd. v. The Official Liquidator

2015-09-08Mr. Justice M.M. Aggarwal,Mr. Justice Dr. Shekher Dhawan11 pages

#$%&'()*$$%+$,*-*.+/, 00+11(&.

2+3$%$ 4+

*5*(1,*6%*/(.

3"*74 %3.

%&'()(&/ (38(&( +$0 &/+&.$ 9 9 9 9 :

,2; :

,2; """" :

, :

, 3+$+&.

3+$+&.

3$%&*14(/4("+&* 3/< 5(.+=*.4 $=(.*2+3-("/< 5(.+

3.4+(00+11(&. >?>?>?

>?>?>?

" " " " #$%&'()*$$%+$,*-*.+/*+.4+(00+11(&.9 -0(&8 4($ 03+ +33+/ .4+ *&$.(&. (00+(1 %&/+3 +5.* & !@

.4+ -0(&*+$5." AB(7(*&$..4+ 3/+3/(.+/

0($$+/ )8.4+1+(3&+/ -0(&8%/7+*& -0(&8+.*.* &

@ =4+3+)8.4+3+ +3+&5+3+5+*<+/ -.4+

(3/

&/%$.3*(1(&/ *&(&5*(1+95 &$.3%5.* & 3+5 --+&/*&7=*&/*&7%0

(00+11(&.9 -0(&8 4($ )++& (55+0.+/ (&/ .4+ -0(&8 4($ )++& 3/+3+/.

)+= %&/%0 4+(00+11(&.9 -0(&8=($/+51(3+/(*5C&/%$.3*(1 -0(&8%&/+3+5.* &@

.4+*5C&/%$.3*(1 -0(&*+$ 0+5*(1 3 &$ 5." A! 4+3+*&( .+3 .

)+ 3+ +33+/ ($

DE3+4()*1*.(.* &03 $(1$%)-*..+/)8.4+ -0(&8=($ .(C+& &3+5 3/)8.4+ 2*/+ 3/+3/(.+/ !

" ( .+3 4(<*&7 4+1/ <(3* %$ -++.*&7$#4+(3*&7$ 3+5 --+&/+/

=*&/*&7%0.4+(00+11(&.9 -0(&8%&/+3+5.*

%543+5 --+&/(.* &/(.+/ !

=($

3=(3/+/.

.4*$ %3. <*/+ 1+..+3 /(.+/ F

@" (&/ %0 & =4*54 -0(&8 +.*.* &

@5(-+.

)+3+7*$.+3+/ @ 2*/+*-0%7&+/ 3/+3"/(.+/

".4+(00+11(&.9 -0(&8 4($ )++& 3/+3+/ .

)+ = %&/ %0 4+

*5*(1 ,*6%*/(.

34($)++&(00 *&.+/.

)+,*6%*/(.

-0(&8 *.(.*

=*&/*&7%04($)++&/*3+5.+/.

)+0%)1*$4+/*&.4+ &/*(&G03+$$&71*$4" (*&*C 4($C(3*&/*") .44(&/*7(34 /*.* &$"(&/*&.4+

*5*(1(H+..+

4(&/*7(34/-*&*$.3(.* &"

&* &+33*.

38"4(&/*7(34)8.4+

*5*(1,*6%*/(.

3I*&/*&7%0 4($)++& 3/+3+/)($+/ &.4+3+5 --+&/(.* &$-(/+)8 *& *.$ 3/+3 /(.+/ !

(&/ %0 & & .*5*&7 .4(. .4+ -0(&8+.*.* &4($)++&0+&/*&7*&.4*$ %3.$*&5+1 &7(&/ =*.4& 0 $*.*<+3+$%1. ,+(3&+/5 %&$+1(00+(3*&7

3.4+00+11(&.9 -0(&8 = %1/ $%)-*..4(.(773*+<+/

3/+3"/(.+/ !

0($$+/)8 ".4+(00+11(&.9 -0(&84(/03+ +33+/(&(00+(1 )+

3+ .4+ 00+11(.+ %.4 3*.8

3 &/%$.3*(1 (&/ *&(&5*(1 +5 &$.3%5.* &(&/=4*54(00+(14(/)++&/*$-*$$+/*& /+ (%1. & B

@(&/(&(001*5(.* &$++C*&73+$.

3(.* &#3+<*<(1

.4+$(*/(00+(1=($$.*110+&/*&75 &$*/+3(.* &.=($ %3.4+3 $%)-*..+/ .4(..4+3+=+3+ &18.43++$+5%3+/53+/*.

(00+11(&.9 -0(&8 *+ .(.+ (&C

(.*(1(" %&'() .(.+

@ &/%$.3*(1 +<+1 0-+&. 3(.* & (&/ .4+ %&'() *&(&5*(1 3(.* &,+(3&+/5 %&$+14($$%)-*..+/.4(.

.4+ -0(&84(/& .4+3$+5%3+/ 3%&$+5%3+/53+/*.

3$(&/ /%3*&7 .4+ 0+&/+&58

.4+ -0(&8 +.*.* &" .4+ (00+11(&.9 -0(&84(/ %118$(.*$ *+/.4+51(*-

.(.+ (&C

(.*(1()8 0(8*&7($%-

J 1(5$(&/%0 &=4*54"(: %++3.* *5(.+:

/(.+/ @

4(/)++&*$$%+/.4($(1$ )++&$.(.+/.4(.

/%3*&7.4+0+&/+&58

03 5++/*&7$)+

3+.4+1+(3&+/ -0(&8 %/7+".4+(00+11(&.9 -0(&84(/0(*/(&(- %&.

J 1(5$.

.4+3$+5%3+/53+/*.

3$*+ (&/%)-*$$* 4($(1$ )++&3(*$+/.4(.

A" 4(/*&

3-+/.4+ (00+11(&.9 -0(&8.4(.(&(- %&.

J" " F"! #94(/)++& = 3C+/ %.%&/+3(&+9*-++..1+-+&. %.

=4*54 K *+J!!A 1(5$(13+(/8$.

/0(*/(&/(&(//*.* &(1(- %&.

JBB1(5$4(/)++&/+0 $*.+/

A+ +3+&5+4($(1$

)++&-(/+.

(&(003 <(14(<*&7)++&7*<+&)8.4+%&'().(.+ ()*&+. .

(& .4+3 1*)+3(1 &+ .*-+ +..1+-+&. 1*58"

3$+..1+-+&.

.4+/%+$

"(&/%&'()73

&/%$.3*+$ 3(.* &(&/*.$$%)$*/*(38 3(.* &$&( &%.9$4+11"*.4($)++&(37%+/.4(.(11.4+(

3+9& .*5+/ (5.$4(/ )++&)3 %74..

.4+& .*5+

.4+1+(3&+/ -0(&8%/7+(&/8+.

.4+ *-0%7&+/ 3/+3

=*&/*&7 %0 /(.+/

4($ )++& 0($$+/ 4+*$$%+.4(.(3*$+$

35 &$*/+3(.* &*$($.

=4+.4+3 .4*$ %3." =4*1+ +G+35*$*&7 *.$ '%3*$/*5.* &

3 =*&/*&7 %0 ( -0(&8%&/+3+5.* &@@

-0(&*+$5."= %1/5 *&+ *.$5 &$*/+3(.* &18.

.4+3+5 --+&/(.*

(&/

.4+3+)8)890($$.4+03 5+/%3+=*.43+7(3/.

(/-*$$*

( 0+.*.* &(&/ (/<+3.*$+-+&..4+3+

($5 &.+-01(.+/ %&/+3.4+ -0(&*+$5.(&/.4+ -0(&*+$ %3.%1+$" AA B +5.* &

3+1(.+$ .

=*&/*&7 %0

( *5C &/%$.3*(1 -0(&8(&/3+(/$($%&/+3 D =4+3+ .4+

(3/" ( .+3 -(C*&7 *&6%*38 %&/+3 +5.* B(&/( .+35 &$*/+3(.*

(11.4+3+1+<(&.

(5.$ (&/ 5*35%-$.(&5+$ (&/ ( .+3 7*<*&7 (&

3.%&*.8

)+*&74+(3/.

(115 &5+3&+/0(3.*+$"*$

&.4(..4+$*5C*&/%$.3*(15 -0(&8*$& .1*C+18 -(C+*.$&+.= 3.4+G5++/.4+(55%-%1(.+/1 $$+$ =*.4*&(3+($ &()1+.*-+=4*1+-++.*&7(11*.$ *&(&5*(1

)1*7(.* &$(&/.4(..4+5 -0(&8($(3+$%1..4+3+

*$ .1*C+18.

)+5 -+<*()1+*& %.%3+(&/.4(.*.*$'%$.

(&/+6%*.()1+.4(..4+5 -0(&8$4 %1/)+= %&/%0"

*.-(83+5 3/(&/

3=(3/*.$ &.

.4+5 &5+3&+/ *74 %3. 4+*74 %3.$4(11" &.4+)($*$

.4+

(3/" 3/+3 =*&/*&7 %0

.4+ $*5C *&/%$.3*(1 -0(&8(&/-(803 5++/(&/5(%$+.

03 5++/=*.4 .4+ =*&/*&7 %0

.4+ *5C &/%$.3*(1 -0(&8 *& (55 3/(&5+=*.4.4+03

-0(&*+$5."

AB @ 3.4+0%30 $+

=*&/*&7%0

.4+$*5C*&/%$.3*(1 -0(&8".4+*74 %3.-(8(00 *&.(&8

*5+3

.4+ 0+3(.*&7(7+&58"* 0+3(.*&7(7+&587*<+$*.$ &$+&." ($ .4+ 1*6%*/(.

.4+ $*5C *&/%$.3*(1

-0(&8 (&/ .4+

*5+3 $ (00 *&.+/ $4(11

3 .4+ 0%30 $+

.4+ =*&/*&7 %0

.4+ $*5C *&/%$.3*(1 -0(&8)+/++-+/.

)+"(&/4(<+(11.4+0 =+3$

.4+

*5*(1,*6%*/(.

3%&/+3.4+ -0(&*+$5." AB .=*.4$.(&/*&7(&8.4*&75 &.(*&+/*&%)9$+5.* 3$%)9$+5.* &@".4+

(3/-(85(%$+.

)+$ 1/ .4+ ($$+.$

.4+ $*5C *&/%$.3*(1 5 -0(&8 *& $%54 -(&&+3 ($ *. -(8 /++- *. (&/

3=(3/ .4+ $(1+ 5++/$.

.4+*74 %3.

3/+3$

3/*$.3*)%.* &*& (55 3/(&5+=*.4.4+03

+5.* & A"(&/

.4+303

-0(&*+$5." ABE F 4+<*3+$

+5.*

5(-+.

)+%04+1/)8(

*<*$* +&54

(/3($*74 %3.*&(14 .3(<&*

(14 .3(<&*

&/*(" AAF!A -0($B

(&/*.=($4+1/.4(..4+

%3&*$4+/)8 = %1/ &18

3-()($*$

3.4+03 5++/*&7$.

)+5 &.*&%+/(7(*&$..4+*5C&/%$.3*(1 -0(&8

3.4+0%30 $+

=*&/*&7%0 (&/ %3.4+303 5++/*&7$(3+.

)+5 &/%5.+/*& (55 3/(&5+=*.4.4+03 &$5 &.(*&+/*&.4+ -0(&*+$5.

3 =*&/*&7 %0

.4+ -0(&8 . =($ 4+1/ .4(. =4(. $%) +5.* &$ (&/

+5.*

/*$0+&$+=*.4*$ &18 .4+3+6%*3+-+&.

+5.* &@A 3 ($.4+5($+-(8)+

-0(&*+$ 5.

3 .4+ 0%30 $+

*&*.*(.*&7 ( 03 5++/*&7

=*&/*&7%0

-0(&8%&/+3(3.2"4(0.+3(&/(1$ +&6%*38*&.

.4+6%+$.* &($.

=4+.4+3*.*$'%$.(&/+6%*.()1+.

3/+3=*&/*&7 %0

( -0(&8 +$.

.4+03 5++/*&7$

=*&/*&7%0$4(114(<+.

)+5 &/%5.+/*&(55 3/(&5+=*.4.4+ &$

.4+ -0(&*+$ 5. . =($ )$+3<+/ .4(. +<+&

.4 %74.4+ &$%)-*..+/)8

3-$.4+)($*$

3/+3*&7 =*&/*&7%0

.4+*5C&/%$.3*(1 -0(&8)8.4+*74 %3."*.

= %1/&+<+3.4+1+$$)+ 0+&

3.4+*74 %3..

7 *&.

33+5.&+$$

&$ $%)-*..+/)8 (&/.

/+5*/+($ =4+.4+3 *. $4 %1/ 03 5++/ (&/ 5(%$+ .

03 5++/ =*.4 .4+ =*&/*&7%0

.4+*5C&/%$.3*(1 -0(&8*&(55 3/(&5+=*.4.4+ &$

.4+ -0(&*+$ 5. . =($ *& .4+ 1*74.

$%54

)$+3<(.* &$.4(..4+54(11+&7+.

+5.*

5 &.+&/*&7 .4(.*.*-0 $+$3+$.3*5.* &.4++G+35*$+

'%3*$/*5.* &)8*74 %3. (&/ 4(<*&7 7*<+& %&)3*/1+/ 0 =+3 .

4(/ )++& 3+0+11+/ ! 4+/+5*$*

.4+(/3($*74 %3.*&(14 .3(:$ (14 .3(:$ (14 .3(:$ (14 .3(:$ 5($+$%03(=($(

*3-+/)8.4+ &:)1+%03+-+ %3.*&2 2 2 2 (-(3('%<&*

&/*(" AAF!A -0($B (-(3('%<&*

&/*(" AAF!A -0($B A(&/*.=($ 4+1/($%&/+3 +1(85 &/ &+/I+/ & . *&/(&873 %&/.

*&.+3 +3+=*.4.4+*74 %3.:$<*+==4*544($3+'+5.+/ .4+ 54(11+&7+ .

.4+ 5 &$.*.%.* &(1 <(1*/*.8

$%)9 $+5.* &

+5.* &

.4+ *5C &/%$.3*(1 -0(&*+$0+5*(13 &$5." A! . *$ )<* %$ .4(. $%)9$+5.* & 4($ .

)+ &$.3%+/.

-+(&.4(..4+*74 %3.*&/+5*/*&7.4+ 6%+$.*

=*&/*&7%0

.4+5 -0(&84($.

.(C+*&.

(55 %&..4+

(3/

3=(3/+/.

*.%&/+3 $%)9$+5.* & (&/*$& ..

()/*5(.+*.$ =& %&5.*

/+.+3-*&*&7.4+6%+$.*

=*&/*&7%0 "3+(/"

$%)9$+5.* & / +$& .$%

+3 -(&8*& *3-*.84*$

*&$%)$.(&5+*$.4+<*+=.(C+&)8.4+*74 %3.*&.4+ *-0%7&+/ 3/+3 4+ $0+5*(1 1+(<+ 0+.*.* & *$" .4+3+

3+"

/*$-*$$+/E A ." .4+3+

3+" $.(&/$ $+..1+/ .4(. +<+& .4 %74 .4+

&$%)-*..+/)8 5 %1/

3-.4+)($*$

3/*3+5.*&7.4+ =*&/*&7%0

.4+*5C&/%$.3*(1 -0(&8"8+..4+*74 %3.*$ .03+51%/+/ -+G(-*&*&7.4+5 33+5.&+$$

$%54 &&

.4+3= 3/$"*.= %1/& .)+ )1*7(.

38 &.4+*74 %3..

3/+3 =*&/*&7 %0

.4+*5C&/%$.3*(1 -0(&8 %0 &3+5+*<*&7 .4+ 3+5 --+&/(.* &(&/ - *&.4*$3+7(3/(&/=*.4 %.

+G(-*&*&7.4+5 33+5.&+$$

$%543+5 --+&/(.* &4+(3*&7 .4+5 &5+3&+/0(3.*+$

(3.9

-0(&*+$ %3.$%1+$" AA3+1(.+$ D=*&/*&7%0E &/+3%1+A"(0+.*.*

3=*&/*&7%0

( -0(&8$4(11)+*& 3- $"B(&/F"($.4+5($+-(8)+ %1+AB3+1(.+$.

(/-*$$*

.4+0+.*.*

3=*&/*&7%0(&/ /*3+5.* &$($.

(/<+3.*$+-+&.(&/".4+3+%&/+3"%0 &.4+ *1*&7

.4+0+.*.* &"*.$4(11)+0 $.+/)+

3+.4+%/7+*&4(-)+3$

(/-*$$*

.4+0+.*.* &(&/ *G*&7(/(.+

3.4+4+(3*&7.4+3+

(&/

3/*3+5.* &$($.

.4+(/<+3.*$+-+&.$.

)+0%)1*$4+/(&/ .4+0+3$ &$"* (&8"%0 &=4 -5 0*+$

.4+0+.*.* &(3+.

)+ $+3<+/&/+3%1+AB"(%/7+-(8"* 4+.4*&C$ *."/*3+5.& .*5+ )+7*<+& .

-0(&8)+

3+7*<*&7/*3+5.* &$($.

(/<+3.*$+-+&.

.4+0+.*.* &&/+3%1+A!"+<+385 &.3*)%.

353+/*.

-0(&8$4(11)++&.*.1+/.

)+ %3&*$4+/)8.4+ 0+.*.* &+3" 3)84*$/< 5(.+"(5 08

.4+0+.*.* &"=*.4*&

%3$

4*$3+6%*3*&7.4+$(-+" &0(8-+&.

.4+03+$53*)+/ 54(37+$ %1+AA3+1(.+$.

(/<+3.*$+-+&.

.4+0+.*.* &(&/"

.4+3+%&/+3"$%)'+5..

(&8/*3+5.*

%3.".4+0+.*.* $4(11 )+(/<+3.*$+/ *& 3- ! =*.4*&.4+.*-+(&/ *&.4+ -(&&+303 <*/+/)8%1+

5 &'

*&. 3+(/*&7

.4+ %1+$" 3+ +33+/ .

4+3+*&() <+" = %1/-(C+*.+<*/+&..4(.53+/*.

3$"5 &.3*)%.

3$ (&/ .4+3$/+$*3 %$

$%00 3.*&7 $*&7+<+&.4+(/-*$$*

.4+0+.*.*

3=*&/*&7%0

-0(&8+.*.* &(3+0%..

.*5+

.4+ 0+.*.* & 4(<*&7 )++& 03+$+&.+/ )+

3+ .4+ *74 %3.4+0%30 $+=4*54.4+(/<+3.*$+-+&.$++C$.

(54*+<+*$ +&()1+(53+/*.

3"5 &.3*)%.

38 3(&8 .4+30+3$ &+*.4+3.

$%00 3. 3.

$+.4+-(C*&7

(& 3/+3

=*&/*&7%0

*$ (& +G0+3. ) /8 5 &$.*.%.+/ .

+G(-*&+ (&/ +G01 3+(<+&%+$

33+<*<(1

*5C&/%$.3*(1 -0(&*+$.*$ &18 =4+&*.*$

&.4(..4+ -0(&85(&& .-(C+*.$&+.

= 3.4+G5++/*.$(55%-%1(.+/1 $$+$=*.4*&(3+($ &()1+.*-+"

5(&*.3+5 --+&/.4(..4+ -0(&8)+= %&/%0 4+3+5(&)+ 6%(33+1.4(..4+

$%54+G0+3.) /8*$+&.*.1+/.

*.$ /%+=+*74.")%..4+$(-+5(&&+*.4+3)+5 &51%$*<+& 3)*&/*&7

&.4+*74 %3.4+0 =+35 +33+/ &.4+*74 %3.%&/+3 +5.* &@@3+(/=*.4+5.* &@

-0(&*+$5..

3/+3 =*&/*&7 %0

( -0(&8 *$'%/*5*(1*&&(.%3+ 4+(-)*.

=*&/*&7%003 5++/*&7$(3+ (3=*/+3.4(&03 5++/*&7$)+

3+.4+

4+ -0(&8 %3.= %1/)+3+6%*3+/.

(0018*.$-*&/"

&$*/+3 .4+ -(.+3*(1 & 3+5 3/ (&/ .4+3+( .+3 .

.(C+ (& (003 03*(.+/+5*$* &*&.4+*&.+3+$.& .-+3+18

.4+0+.*.* &*&7

53+/*.

3)%.(1$ *&.4+*&.+3+$.

.4+353+/*.

3$"5 &.3*)%.

3*+$"

.4+= 3C+3$".4+ -0(&8*.$+1 (&/(1$ C++0*&7*&-*&/0%)1*5 *&.+3+$.(.1(37+&/ *&7$ "*.= %1/)+0+3-*$$*)1+

3.4+*74 %3..

+G(-*&+.4+5 33+5.&+$$

&#3+5 --+&/(.*

(&/ .

.4+3+( .+3 /+5*/+ ($ .

=4+.4+3 .4+ -0(&8 $4 %1/)+= %&/%0 3& .

@ I+ (3+

.4+ 5 &$*/+3+/ <*+= .4(. :$ 3+5 --+&/(.* &= %1/-+3+18

3-.4+)($*$

35 &.*&%(&5+

5++/*&7$

3=*&/*&7%0

.4+*5C&/%$.3*(1 -0(&8(&/

%3.4+303 5++/*&7$( .+33+5+*0.

.4+3+5 --+&/(.*

(3+.

)+5 &/%5.+/)8.4+ -0(&8 %3.*&(55 3/(&5+ =*.4.4+03

-0(&*+$5.(&/.4+%1+$-(/+ .4+3+%&/+3

4+*-0%7&+/ 3/+3/(.+/

0($$+/)8.4+ 1+(3&+/ -0(&8 %/7+ *& -0(&8 +.*.* &

@ /*3+5.*&7 .4+ =*&/*&7 %0

.4+ (00+11(&.9 -0(&8 03 5++/$ -+3+18 .

=(3/$ (55+0.(&5+

.4+ 3+5 --+&/(.* &

3+5+*<+/<*/+5 --%&*5(.* &/(.+/F

@(&/.4+03 5+/%3+ =*.4 3+7(3/ .

.4+ (/-*$$* &

.4+ 0+.*.* & (&/ /%+ (/<+3.*$+-+&.+&<*$(7+/%&/+3.4+03

-0(&*+$ 5.(&/.4+%1+$-(/+.4+3+%&/+34($)++&7*<+&(7 9)8

I+(3+

&.4(..4+1+(3&+/ -0(&8%/7+

%74..

4(<+

=+/.4+03 5+/%3+5 &.+-01(.+/%&/+3.4+ 3+1+<(&. %1+$

.4+ -0(&8 %3. %1+$" AB" ($ & .*5+/ 4+3+*&() <+"=*.43+7(3/.

(/-*$$*

.4+0+.*.* &(&//%+ (/<+3.*$+-+&..4+3+

%5403 5+/%3+"*

=+/"= %1/+&%3+ .4+)+&+ *.

(11.4+5 &5+3&+/0(3.*+$*&51%/*&7.4+53+/*.

3$"

&.3*)%.

3$ +.5 (&/ = %1/ +&()1+ .4+- +*.4+3 .

$%00

$++<+&.4+(/-*$$*

.4+0+.*.* &

3=*&/*&7%0%54 5+/%3+

(/-*$$*

.4+0+.*.* %74.(1$ .

4(<+)++&

=+/*&.4+1*74.

.4+*&.+303+.(.*

+5.*

*& (14 .3(:$ (14 .3(:$ (14 .3(:$ (14 .3(:$5($+$%03((&/.4+$(-+4(<*&7)++&(

*3-+/)8 &:)1+%03+-+ %3.

&/*((&/=4+3+*&*.4(/)++&4+1/.4(.

$%)+5.* &

+5.* 4($.

)+5 &$.3%+/.

-+(&.4(.

.4+*74 %3. *& /+5*/*&7 .4+ 6%+$.*

=*&/*&7 %0

.4+ -0(&84($.

.(C+*&.

(55 %&..4+

3=(3/+/ *.%&/+3$%)+5.* & (&/& ..

()/*5(.+*.$ =& %&5.*

/+.+3-*&*&7.4+6%+$.*

=*&/*&7%0

+. (& .4+3 )'+5.*<+ .4(. = %1/ )+ (54*+<+/ %0

=*&7.4+03 5+/%3+*&5 &$ &(&5+=*.4.4+ -0(&8 %3. %1+$" AA($3+7(3/$(/-*$$*

.4+0+.*.* &*$.

(5*1*.(.+( 0(3.8 5 &5+3&+/")+*.(53+/*.

35 &.3*)%.

38 3(&8 .4+3 0(3.8 5 &5+3&+/ .

)3*&7 .

.4+& .*5+

-0(&8 %3.

+<+&.$$%)$+6%+&..

3+5+*0.

.4+3+5 --+&/(.*

(&/.

)%*1/%0(5($+*&.4+1*74.

$%54$%)$+6%+&.+<+&.$.4(.

.4+ & (&/ 3+5 --+&/(.* &

.4+ $4 %1/ & . )+ (55+0.+/(&/.4(..4+ -0(&8$4 %1/& .)+= %&/%0

F & .4+ 03+$+&. 5($+" 1+(3&+/ -0(&8 %/7+ <*/+ *-0%7&+/ 3/+3/(.+/

4($& ./*3+5.+/(/-*$$*

.4+=*&/*&7%00+.*.* && 3*$$%+//*3+5.*

3(/<+3.*$+-+&."

)%.*&$.+(/(& 3/+3

=*&/*&7%04($)++&0($$+/)($+/$ 1+18 %0 &.4+ &#3+5 --+&/(.*

4%$".4+3+4($)++& ()3+(54

.4+03

%1+AB

-0(&*+$ %3. %1+$" AA

! 3 .4+ 3+($ &$ 3+5 3/+/ () <+" (00+(1 *$ (11 =+/ 4+ 3/+3/(.+/

0($$+/)8.4+1+(3&+/ -0(&8%/7+ *&

@ *$ $+. ($*/+ 4+ -0(&8 +.*.* & *$ /*3+5.+/.

)+(/-*..+/

A /<+3.*$+-+&. =*.4 3+$0+5. .

(/-*$$* & $4(11 )+ *$$%+/*& 3- !*&&/*(&G03+$$&71*$4" (*&*C 4($C(3 *&/*") .44(&/*7(34+/*.* &$(&/*&.4+

*5*(1(H+..+

4(&/*7(34 /-*&*$.3(.* &" &* & +33*.

38" 4(&/*7(34 (. .4+ +G0+&$+

.4+(00+11(&.9 -0(&8 3)+

3+@ A

$.(.*&7 .4(..4+3+.%3&()1+/(.+#/(.+

4+(3*&7$4(11)+@

,*$..4+0+.*.*

3(/-*$$* &@

3+ .4+1+(3&+/*&71+%/7+4+(3*&7.4+ -0(&8-(..+3$

00+(1*$"(55 3/*&718"/*$0 $+/

2; 2; 2; 2; !"

.+ .+ .+ .+ I4+.4+33+ +33+/.

+0 3.+3L +$# I4+.4+33+ +33+/.

+0 3.+3L +$#