Sound Syndicate Ltd., a public company, its articlesofassociationempowersthe managing agents to borrow both short and long term loans on behalf of the company, Mr. Liddle, the director of the company, approachedEasyFinanceLtd.,anonbankingfinance company for a loan of 25,00,000 in name of the company. The Lender agreed and provided the above said loan. Later on, Sound SyndicateLtd. refused to repay the money borrowed on thepretext that noresolutionauthorizingsuch loan have been actually passed by the company and thelendershouldhaveenquired about the same prior providing such loan hence company not liable to pay such loan. Analyse the above situation in terms of the provisions of Doctrine of Indoor Management under the Companies Act, 2013 and examine whether the contention of Sound Syndicate Ltd. is correct or not?