https://www.taxtmi.com/caselaws?id=108908 A bank suit was maintained through a plaint signed and verified by an authorised representative, supported by a proved power of attorney and affidavit evidence. The court accepted the institution as valid. On liability, the company's separate legal personality was respected, so directors who had not given personal guarantees were not made liable merely by virtue of office. Liability remained with the company and the guarantor defendants who had executed enforceable guarantees, while one guarantor was absolved after payment made during the suit. Recovery was ordered only against the liable defendants, with interest and costs. en-us Wed, 16 May 2001 00:00:00 +0530 Wed, 04 Apr 2012 15:46:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108908 A bank suit was maintained through a plaint signed and verified by an authorised representative, supported by a proved power of attorney and affidavit evidence. The court accepted the institution as valid. On liability, the company's separate legal personality was respected, so directors who had not given personal guarantees were not made liable merely by virtue of office. Liability remained with the company and the guarantor defendants who had executed enforceable guarantees, while one guarantor was absolved after payment made during the suit. Recovery was ordered only against the liable defendants, with interest and costs. Case-Laws Companies Law Wed, 16 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108908