https://www.taxtmi.com/caselaws?id=98176 Striking a company's name off the register under section 247(5) of the Indian Companies Act, 1913 brings about dissolution, so an ordinary suit cannot continue against the dissolved company; the proper remedy is restoration to the register under section 247(6). The proviso to section 247(5) preserves only any personal liability that already existed before dissolution and does not create a new liability. Directors and subcommittee members were not shown to have undertaken any personal obligation, and their offices alone did not make them liable for the company's debt. The decree against them and the company was therefore set aside. en-us Tue, 10 Nov 1964 00:00:00 +0530 Thu, 19 Jan 2012 15:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98176 Striking a company's name off the register under section 247(5) of the Indian Companies Act, 1913 brings about dissolution, so an ordinary suit cannot continue against the dissolved company; the proper remedy is restoration to the register under section 247(6). The proviso to section 247(5) preserves only any personal liability that already existed before dissolution and does not create a new liability. Directors and subcommittee members were not shown to have undertaken any personal obligation, and their offices alone did not make them liable for the company's debt. The decree against them and the company was therefore set aside. Case-Laws Companies Law Tue, 10 Nov 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98176