https://www.taxtmi.com/caselaws?id=110768 The court ruled in favor of the plaintiff in the case. It held that the suit was not bad for misjoinder of parties, even though defendant No. 4 was not a shareholder or director of defendant No. 1 company. Defendant No. 4 was not personally liable, but defendant No. 2 was held personally liable for the amount advanced to defendant No. 1 due to the company being a front for defendant No. 2's business activities. The court awarded the plaintiff a sum of Rs. 21,00,650 with specified interest rates against defendant Nos. 1 and 2 jointly and severally, along with costs. en-us Thu, 16 Mar 2006 00:00:00 +0530 Wed, 18 Apr 2012 15:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110768 The court ruled in favor of the plaintiff in the case. It held that the suit was not bad for misjoinder of parties, even though defendant No. 4 was not a shareholder or director of defendant No. 1 company. Defendant No. 4 was not personally liable, but defendant No. 2 was held personally liable for the amount advanced to defendant No. 1 due to the company being a front for defendant No. 2's business activities. The court awarded the plaintiff a sum of Rs. 21,00,650 with specified interest rates against defendant Nos. 1 and 2 jointly and severally, along with costs. Case-Laws Companies Law Thu, 16 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110768