https://www.taxtmi.com/caselaws?id=101199 The court granted relief to the petitioner under section 633 of the Companies Act, finding no evidence to hold the director liable as an "officer in default" for the company's borrowing limit breach. The court ruled in favor of the petitioner, modifying the relief sought and emphasizing the lack of proof of knowing involvement or authorization of defaults by the director. No costs were awarded in the case. en-us Thu, 21 Mar 1985 00:00:00 +0530 Wed, 08 Feb 2012 18:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101199 The court granted relief to the petitioner under section 633 of the Companies Act, finding no evidence to hold the director liable as an "officer in default" for the company's borrowing limit breach. The court ruled in favor of the petitioner, modifying the relief sought and emphasizing the lack of proof of knowing involvement or authorization of defaults by the director. No costs were awarded in the case. Case-Laws Companies Law Thu, 21 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101199