Extension of liability to partners and directors permits the Tribunal to apply corporate winding-up declarations or orders against associated individuals. Where a declaration under the relevant liability provision or an order under the companion provision is made against a firm or body corporate, the Tribunal may likewise make that declaration or pass that order against any person who was, at the relevant time, a partner of the firm or a director of the body corporate, thereby extending personal liability in winding up contexts.
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 to partners and directors permits the Tribunal to apply corporate winding-up declarations or orders against associated individuals.
Where a declaration under the relevant liability provision or an order under the companion provision is made against a firm or body corporate, the Tribunal may likewise make that declaration or pass that order against any person who was, at the relevant time, a partner of the firm or a director of the body corporate, thereby extending personal liability in winding up contexts.
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