https://www.taxtmi.com/caselaws?id=106231 Property belonging to a separate company cannot be attached or sold in execution of a decree passed against another company merely because both entities are managed by the same directors. A company remains a distinct legal person with its own shareholders and assets, so execution must be confined to the judgment-debtor's property or pursued through other lawful execution modes. Where the decree-holder sought attachment of assets of companies other than the judgment-debtor company in liquidation, the execution was found not maintainable and the objections succeeded. en-us Thu, 18 Aug 1994 00:00:00 +0530 Tue, 13 Mar 2012 13:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106231 Property belonging to a separate company cannot be attached or sold in execution of a decree passed against another company merely because both entities are managed by the same directors. A company remains a distinct legal person with its own shareholders and assets, so execution must be confined to the judgment-debtor's property or pursued through other lawful execution modes. Where the decree-holder sought attachment of assets of companies other than the judgment-debtor company in liquidation, the execution was found not maintainable and the objections succeeded. Case-Laws Companies Law Thu, 18 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106231