https://www.taxtmi.com/caselaws?id=97823 Application invoking statutory winding-up remedies to require accounts and summon officers is not maintainable when brought by a fully paid shareholder who concurrently served as a director and participated in the impugned board resolutions; the court refuses to permit one director to sue fellow directors for alleged misfeasance where the applicant shared the director status and participated in the transactions. The proper route for investigation and prosecution of any misfeasance is through the official liquidator, who may commission a qualified auditor if funds are provided; any subsequent misfeasance suit should be prosecuted by the official liquidator with the applicant and other directors joined as parties. en-us Tue, 26 Apr 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97823 Application invoking statutory winding-up remedies to require accounts and summon officers is not maintainable when brought by a fully paid shareholder who concurrently served as a director and participated in the impugned board resolutions; the court refuses to permit one director to sue fellow directors for alleged misfeasance where the applicant shared the director status and participated in the transactions. The proper route for investigation and prosecution of any misfeasance is through the official liquidator, who may commission a qualified auditor if funds are provided; any subsequent misfeasance suit should be prosecuted by the official liquidator with the applicant and other directors joined as parties. Case-Laws Companies Law Tue, 26 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97823