I have somthing to get cleared about.
My friend woked for a Private Ltd company as Accountant for 1.5 yrs. He has resigned and the company provided him No due Certificate and releiving letter. Now the company finds misappropriation of companies funds for his personal use. But it was not cash. Funds has been transferred to his personal bank account. But my friend was not the authorized person for net banking. Now the company filed a suit against the employee. Can the company win this ? please suggest