https://www.taxtmi.com/caselaws?id=99303 The case involved the liability of three directors under sections 542 and 543 of the Companies Act. The directors were initially held individually liable for specific amounts, but on appeal, they were found jointly and severally liable. The death of one director during the appeal process raised questions on executing liability against his estate. The court ruled that no order or liability can be fixed against a deceased person, rendering the decision against the deceased director null. As there was no provision for abatement in the Companies Act, the appeal against the deceased director abated under the Code of Civil Procedure. The court applied the Code, setting aside the execution proceedings in favor of the deceased director's legal representatives. en-us Thu, 26 Sep 1974 00:00:00 +0530 Wed, 25 Jan 2012 18:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99303 The case involved the liability of three directors under sections 542 and 543 of the Companies Act. The directors were initially held individually liable for specific amounts, but on appeal, they were found jointly and severally liable. The death of one director during the appeal process raised questions on executing liability against his estate. The court ruled that no order or liability can be fixed against a deceased person, rendering the decision against the deceased director null. As there was no provision for abatement in the Companies Act, the appeal against the deceased director abated under the Code of Civil Procedure. The court applied the Code, setting aside the execution proceedings in favor of the deceased director's legal representatives. Case-Laws Companies Law Thu, 26 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99303