https://www.taxtmi.com/caselaws?id=101944 Misfeasance and fraudulent trading proceedings under the Companies Act, 1956 require specific, individualised allegations and positive material against the particular director concerned. General accusations against all directors, unsupported assertions, or a roving enquiry are insufficient. Where the director had resigned before the winding-up order, was not in control of the company's affairs, and the only specific allegation was unsubstantiated, continuation of the proceedings was treated as an abuse of process. The proceedings against that director were therefore unsustainable and were dropped, with discharge from the misfeasance action. en-us Fri, 30 Mar 1990 00:00:00 +0530 Mon, 13 Feb 2012 12:35:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101944 Misfeasance and fraudulent trading proceedings under the Companies Act, 1956 require specific, individualised allegations and positive material against the particular director concerned. General accusations against all directors, unsupported assertions, or a roving enquiry are insufficient. Where the director had resigned before the winding-up order, was not in control of the company's affairs, and the only specific allegation was unsubstantiated, continuation of the proceedings was treated as an abuse of process. The proceedings against that director were therefore unsustainable and were dropped, with discharge from the misfeasance action. Case-Laws Companies Law Fri, 30 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101944