Extension of liability: tribunal may impose winding-up declarations or orders on partners and directors tied to the firm or company. The provision empowers the Tribunal to make a declaration or pass an order under the winding-up provisions in respect of any person who was, at the relevant time, a partner of a firm or a director of a body corporate when a corresponding declaration or order is or may be made in respect of that firm or body corporate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of liability: tribunal may impose winding-up declarations or orders on partners and directors tied to the firm or company.
The provision empowers the Tribunal to make a declaration or pass an order under the winding-up provisions in respect of any person who was, at the relevant time, a partner of a firm or a director of a body corporate when a corresponding declaration or order is or may be made in respect of that firm or body corporate.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.