https://www.taxtmi.com/caselaws?id=103071 The court dismissed the winding-up application of Zinc Products and Company Private Limited due to lack of proper authorization from the board of directors. The court emphasized that individual directors must have explicit authorization to institute legal proceedings on behalf of the company. Despite bounced cheques issued by the opposing party, the court deemed the lack of authorization as a fatal defect, leading to the application's dismissal. en-us Fri, 22 Mar 1996 00:00:00 +0530 Mon, 20 Feb 2012 16:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103071 The court dismissed the winding-up application of Zinc Products and Company Private Limited due to lack of proper authorization from the board of directors. The court emphasized that individual directors must have explicit authorization to institute legal proceedings on behalf of the company. Despite bounced cheques issued by the opposing party, the court deemed the lack of authorization as a fatal defect, leading to the application's dismissal. Case-Laws Companies Law Fri, 22 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103071