https://www.taxtmi.com/caselaws?id=102301 The court ruled that misfeasance proceedings against a deceased director cannot continue against their legal representatives posthumously. It was held that the court has inherent power to reject an application under section 543 of the Companies Act if the allegations do not constitute misconduct. The court found that the official liquidator failed to establish a case against the directors for alleged losses to the company, concluding that the directors were not liable for misfeasance or breach of trust. As a result, the judge's summons was dismissed, and the prayers were rejected without costs awarded. en-us Tue, 12 Jan 1993 00:00:00 +0530 Tue, 14 Feb 2012 13:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102301 The court ruled that misfeasance proceedings against a deceased director cannot continue against their legal representatives posthumously. It was held that the court has inherent power to reject an application under section 543 of the Companies Act if the allegations do not constitute misconduct. The court found that the official liquidator failed to establish a case against the directors for alleged losses to the company, concluding that the directors were not liable for misfeasance or breach of trust. As a result, the judge's summons was dismissed, and the prayers were rejected without costs awarded. Case-Laws Companies Law Tue, 12 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102301