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relation to Banking Companies.
Principles determining liability of managing director and
Board of Directors in misfeasance proceedings.
HEADNOTE ... appeal, the Division Bench reduced the total
liability of directors and the individual remaining
liability of the managing director though
Supreme Court of India
place of deceased
director-After declaration of liability of director, if
amounts due could be realised from legal representatives.
HEADNOTE ... extent of the liability incurred by the deceased
Director. Such liability must necessarily be confined
to the assets or estate
Supreme Court of India
that
purpose. Section 179(1) reads as follows :
"Liability of directors of private company in liquidation. -(1)
Notwithstanding anything contained ... cannot be recovered from the company that the liability of the
director arises. The liability of the directors is joint
Madras High Court
sufficient enough to fasten a
vicarious liability upon a Director of the company
unless a specific role of such ... complaint were sufficient enough to fasten the liability
upon the Director and to proceed further with the case
against
Bombay High Court
sufficient enough to fasten a
vicarious liability upon a Director of the company
unless a specific role of such ... complaint were sufficient enough to fasten the liability
upon the Director and to proceed further with the case
against
Bombay High Court
sufficient enough to fasten a
vicarious liability upon a Director of the company
unless a specific role of such ... complaint were sufficient enough to fasten the liability
upon the Director and to proceed further with the case
against
Bombay High Court
explicitly sexual
act. The petitioner, who was the Managing Director (MD) of the company
that owned the website ... CrPC') also raises
questions concerning the criminal liability of directors for the
offences attributable to a company, both under
Delhi High Court
sufficient enough to fasten a
vicarious liability upon a Director of the company
unless a specific role of such ... complaint were sufficient enough to fasten the liability
upon the Director and to proceed further with the case
against
Bombay High Court
sufficient enough to fasten a
vicarious liability upon a Director of the company
unless a specific role of such ... complaint were sufficient enough to fasten the liability
upon the Director and to proceed further with the case
against
Bombay High Court
sufficient enough to fasten a
vicarious liability upon a Director of the company
unless a specific role of such ... complaint were sufficient enough to fasten the liability
upon the Director and to proceed further with the case
against
Bombay High Court
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