https://www.taxtmi.com/caselaws?id=96773 Misfeasance proceedings under section 235 of the Indian Companies Act were held to be a personal summary remedy against a director during lifetime and not a claim that survives against heirs or other legal representatives. Section 306 of the Indian Succession Act was held to apply only to executors or administrators, not to heirs merely representing an estate. The court therefore found no statutory basis for substituting the deceased director's heirs, and the proceeding could not continue against them. en-us Thu, 15 Sep 1938 00:00:00 +0530 Wed, 11 Jan 2012 10:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96773 Misfeasance proceedings under section 235 of the Indian Companies Act were held to be a personal summary remedy against a director during lifetime and not a claim that survives against heirs or other legal representatives. Section 306 of the Indian Succession Act was held to apply only to executors or administrators, not to heirs merely representing an estate. The court therefore found no statutory basis for substituting the deceased director's heirs, and the proceeding could not continue against them. Case-Laws Companies Law Thu, 15 Sep 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96773