https://www.taxtmi.com/caselaws?id=101246 The High Court of Punjab and Haryana ruled in favor of the managing director of a company, holding that unless the statute specifically imposes personal liability on managing directors for company dues, they cannot be held responsible. The court referred to legal provisions and precedent, deeming the direction to recover wages from the managing director's personal property as illegal and quashing it. The court did not award any costs in this judgment. en-us Tue, 05 Apr 1983 00:00:00 +0530 Thu, 09 Feb 2012 11:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101246 The High Court of Punjab and Haryana ruled in favor of the managing director of a company, holding that unless the statute specifically imposes personal liability on managing directors for company dues, they cannot be held responsible. The court referred to legal provisions and precedent, deeming the direction to recover wages from the managing director's personal property as illegal and quashing it. The court did not award any costs in this judgment. Case-Laws Companies Law Tue, 05 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101246