https://www.taxtmi.com/caselaws?id=99489 The court determined that proceedings under sections 542 and 543 of the Companies Act, 1956, can continue against the legal representatives of a deceased director. Under section 542, personal responsibility for company debts can be declared against the director's estate, with legal representatives having the right to be heard. However, under section 543, while loss or damage can be determined against the legal representatives, no compulsive repayment order can be made. The court clarified that directions to legal representatives are limited to the estate in their possession, allowing proceedings to continue for liability determination but not for recovery orders against legal representatives. en-us Fri, 22 Apr 1977 00:00:00 +0530 Fri, 27 Jan 2012 15:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99489 The court determined that proceedings under sections 542 and 543 of the Companies Act, 1956, can continue against the legal representatives of a deceased director. Under section 542, personal responsibility for company debts can be declared against the director's estate, with legal representatives having the right to be heard. However, under section 543, while loss or damage can be determined against the legal representatives, no compulsive repayment order can be made. The court clarified that directions to legal representatives are limited to the estate in their possession, allowing proceedings to continue for liability determination but not for recovery orders against legal representatives. Case-Laws Companies Law Fri, 22 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99489