as a Chartered Accountant, I want to know wthether the company was shut down(wound up) in accordance with the Companies Act. Technocrats like you may not be aware of the legal documentation. If the proper proceedure of winding up has not been followed, like giving advertisements in newspapers, informing all the shareholders, liquidation proceedings etc, I as a shareholder holding 40%(Your VC) have every right to file a case and accuse the promoters of siphoning out money. Pls clarify on the liquidation proceedings, was the companies act followed in the right spirit.
