Liability of members, officers and employees of market committee for loss,

waste, misappropriation, etc.- (1) If, in the course of an inquiry or an inspection under section 123 or in the course of an audit under the rules, it is found that any person who is or

was a member of a market committee or of the Board or who is or has at any time been an

officer or an employee of a market committee or Board has made any payment contrary to this Act, the rules, the regulations or the bye-laws, or has caused any deficiency in the assets of the market committee or Board by breach of trust or willful negligence or has misappropriated or fraudulently retained any money or other property belonging to the said market committee or the Board, the

1[Director of Agricultural Marketing] may himself inquire

1. (2) Where an inquiry is made under sub-section (1), the 1[Director of Agricultural Marketing] may, after giving the person concerned an opportunity of being heard, make an order requiring him to repay or restore the money or property or any part thereof, with

interest at such rate, to pay contribution and costs or compensation to such extent, as the

1[Director of Agricultural Marketing] may consider to be just and equitable.

1. (3) Any person aggrieved by an order of 1[Director of Agricultural Marketing] under sub-section (2) may, within sixty days from the date of the communication of the said order, appeal to the 1[Karnataka Appellate Tribunal] , and the decision of the 1[Karnataka Appellate Tribuna] on such appeal shall be final and shall not be called in question in any court of law.
2. (4) Any action under this section shall be without prejudice to the prosecution of the person concerned in respect of any offence.

¹ Substituted by Act 35 of 1986 w.e.f. 17.6.1986