https://www.taxtmi.com/caselaws?id=101443 The court dismissed the applications to implead the legal representatives of deceased directors in misfeasance proceedings under section 543 of the Companies Act, emphasizing that initiating fresh action against the heirs would be unjust. While acknowledging that liability can extend to legal representatives, the court stressed the need for fairness and protection of rights, concluding that proceeding against the representatives without proper justification would be prejudicial. The decision underscored the importance of judiciously exercising discretion under the Act to ensure just legal proceedings, particularly in cases involving deceased directors. en-us Tue, 05 Aug 1986 00:00:00 +0530 Thu, 09 Feb 2012 17:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101443 The court dismissed the applications to implead the legal representatives of deceased directors in misfeasance proceedings under section 543 of the Companies Act, emphasizing that initiating fresh action against the heirs would be unjust. While acknowledging that liability can extend to legal representatives, the court stressed the need for fairness and protection of rights, concluding that proceeding against the representatives without proper justification would be prejudicial. The decision underscored the importance of judiciously exercising discretion under the Act to ensure just legal proceedings, particularly in cases involving deceased directors. Case-Laws Companies Law Tue, 05 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101443