Liability of Director of (P) Ltd. Co. on Liquidation

Last updated: 10 July 2008

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Court :

Brief :
Case Fact: Whether before initiating recovery action u/s 179 for dues of Pvt. Co against directors on liquidation , it is necessary to prove that recovery cannot be made against the company.

Citation :
Indubhai T. Vasa Vs. I.T.O

Decision: Held by hon"ble court that Sec.179 clearly requires that before initiating recovery actions against directors, it is necessary to establish that such recovery could not be made against the company.