https://www.taxtmi.com/caselaws?id=103595 The appeal was partly allowed, with the High Court permitting the appellant, a managing director facing legal proceedings during company liquidation, to file an application under Section 446 of the Companies Act 1956. The Court granted a stay of arrest for the appellant until the Company Court decided on the application. The judgment clarified that legal proceedings against directors in their personal capacity could be stayed under Section 446 if connected to the company, ensuring protection for directors acting on behalf of the company. en-us Mon, 16 Feb 1998 00:00:00 +0530 Thu, 23 Feb 2012 18:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103595 The appeal was partly allowed, with the High Court permitting the appellant, a managing director facing legal proceedings during company liquidation, to file an application under Section 446 of the Companies Act 1956. The Court granted a stay of arrest for the appellant until the Company Court decided on the application. The judgment clarified that legal proceedings against directors in their personal capacity could be stayed under Section 446 if connected to the company, ensuring protection for directors acting on behalf of the company. Case-Laws Companies Law Mon, 16 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103595