If Panda is lying, which of the following statements cannot be true?

It is given that Panda is lying. Thus, Samuel is telling the truth. So, there must be exactly three truth-tellers including Samuel. If Samuel is telling the truth, Panda must be lying. 

Case I
Let us assume that Shrinivas is telling the truth and Nagraj fudged the accounts.. In this case, Jose must also be telling the truth. So, everybody except Samuel, Shrinivas and Jose must be lying. However, Datta's statement is also true and thus there are more than three truth-tellers. So, our assumption is wrong. Thus, Shrinivas must be lying and Nagraj did not fudge the accounts. Also, Jose and Ganeshan must be lying as both say that Shrinivas is telling the truth

Case II
Let us assume that Datta is telling the truth and Shrinivas did not fudge the accounts. In this case, Nagraj and Ezaz must be lying as they say that Datta is lying. So, we have already got six liers and thus, Chaudhary must be telling the truth. Therefore, our assumption is valid. 

Case III
Let us assume that Datta is not telling the truth. In this case, Nagraj and Ezaz can be telling the truth along with Samuel and the other six guys must be lying. This case is also possible.

 Except for the above cases, any other case is not possible.

Therefore,
Option A is true in case I.
Option B is true in case I.
Option C is true in both cases.

Option E is true in case I.

Option D cannot be true in any case.
Option D is the correct answer.