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of <h1>Personal assets protected: Court bars seizure for company dues without consent</h1> <h3>GC. Mehrotra Versus Deputy Collector (Collections) Sales Tax</h3> The High Court of Allahabad ruled in favor of the petitioner, a company director, holding that personal assets cannot be utilized for recovering company ... Boards sanction to be required for certain contracts in which directors are interested The High Court of Allahabad ruled in favor of the petitioner, a director of a company, stating that personal assets cannot be used to recover dues of the company unless permitted by law or agreement. The petition was allowed, and the respondents were restrained from seizing the petitioner's personal assets for tax arrears of the company.
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