https://www.taxtmi.com/caselaws?id=100690 Company dissolution under section 560(5) does not transfer the company's debts to former directors unless they had an independent personal liability existing at dissolution. An executing Tribunal cannot substitute former directors as certificate-debtors or alter an award made only against the company; the substitution and recovery certificate were set aside. For a worker travelling pursuant to employment rather than as a fare-paying passenger, the insurer's statutory liability under the Motor Vehicles Act extended to the unpaid balance of the award, including costs and interest. The insurer was required to satisfy that balance despite the Tribunal having specified a lesser sum. en-us Mon, 25 Jul 1983 00:00:00 +0530 Fri, 03 Feb 2012 18:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100690 Company dissolution under section 560(5) does not transfer the company's debts to former directors unless they had an independent personal liability existing at dissolution. An executing Tribunal cannot substitute former directors as certificate-debtors or alter an award made only against the company; the substitution and recovery certificate were set aside. For a worker travelling pursuant to employment rather than as a fare-paying passenger, the insurer's statutory liability under the Motor Vehicles Act extended to the unpaid balance of the award, including costs and interest. The insurer was required to satisfy that balance despite the Tribunal having specified a lesser sum. Case-Laws Companies Law Mon, 25 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100690