https://www.taxtmi.com/caselaws?id=97358 The court found the second defendant personally liable for the suit debt and upheld the plaintiff's entitlement to sue based on the agreement. The settlement of accounts was deemed valid, without coercion or fraud. The borrowing was generally binding on the company, except for specific amounts. The court awarded the plaintiff a decree for a specified amount against the second defendant, with the first defendant company responsible for a portion of the sum. Appeals by the defendants were dismissed, affirming the lower court's judgment and denying the company's suit for accounts. en-us Thu, 17 Nov 1955 00:00:00 +0530 Mon, 16 Jan 2012 13:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97358 The court found the second defendant personally liable for the suit debt and upheld the plaintiff's entitlement to sue based on the agreement. The settlement of accounts was deemed valid, without coercion or fraud. The borrowing was generally binding on the company, except for specific amounts. The court awarded the plaintiff a decree for a specified amount against the second defendant, with the first defendant company responsible for a portion of the sum. Appeals by the defendants were dismissed, affirming the lower court's judgment and denying the company's suit for accounts. Case-Laws Companies Law Thu, 17 Nov 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97358