https://www.taxtmi.com/caselaws?id=106887 A misfeasance proceeding against a director under section 543 of the Companies Act, 1956 requires specific pleadings and supporting material identifying the alleged acts of commission or omission, the relevant tenure, and the manner in which loss was caused. The High Court noted that the application did not connect the respondent to the impugned transactions, that no transactions were shown during his period as co-opted director, and that the principal allegations related to an earlier period. In the absence of a prima facie case, the misfeasance application was rejected. en-us Fri, 09 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 11:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106887 A misfeasance proceeding against a director under section 543 of the Companies Act, 1956 requires specific pleadings and supporting material identifying the alleged acts of commission or omission, the relevant tenure, and the manner in which loss was caused. The High Court noted that the application did not connect the respondent to the impugned transactions, that no transactions were shown during his period as co-opted director, and that the principal allegations related to an earlier period. In the absence of a prima facie case, the misfeasance application was rejected. Case-Laws Companies Law Fri, 09 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106887