Section 64: Inadequate information on debtor, etc

(1) Where-
(a) the information and details on the properties of the debtor or defendant are impossible to locate; or
(b) security, collateral or bond, where required, was not provided; or
(c) the identity, of the debtor or defendant is difficult to locate; or
(d)
the debtor or defendant is found to be non-existent, fake or fictions or in any way unidentifiable,
the Court shall hold liable, for the outstanding debt and any interest thereon, the directors, officers and other employees of the public enterprise who in the performance of their duties were found to have been connected in any way with the transaction.
(2)
The Court shall proceed to recover from the persons referred to in subsection (1) of this section, jointly and severally the outstanding debt and interest thereon in accordance with the provisions of this Act, unless the Court is satisfied that the debt was incurred or arose without the consent of the director, officer or employee and that he exercised all such diligence as he ought to have exercised having regard to the nature of his functions and all the circumstances or the case.