https://www.taxtmi.com/caselaws?id=99784 The court ruled in favor of the respondents, the legal representatives of deceased partners, in a case involving proceedings under Sections 542 and 543 of the Companies Act. The court held that legal representatives cannot be held liable under these sections as they are not considered participants in the management of the company in liquidation. As a result, the legal representatives were deleted from the proceedings, which would proceed against the remaining parties, with the legal representatives directed to bear their own costs. en-us Mon, 28 Jul 1980 00:00:00 +0530 Mon, 30 Jan 2012 11:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99784 The court ruled in favor of the respondents, the legal representatives of deceased partners, in a case involving proceedings under Sections 542 and 543 of the Companies Act. The court held that legal representatives cannot be held liable under these sections as they are not considered participants in the management of the company in liquidation. As a result, the legal representatives were deleted from the proceedings, which would proceed against the remaining parties, with the legal representatives directed to bear their own costs. Case-Laws Companies Law Mon, 28 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99784