https://www.taxtmi.com/caselaws?id=111018 The court dismissed the petitioner's company petition seeking release from liability as a guarantor under section 633 of the Companies Act. The petitioner's attempt to avoid guarantor responsibility through the petition was deemed not bona fide. The court emphasized that objections regarding enforceability or relief from guarantor status should be raised in execution proceedings, not through company petitions. The judgment highlighted that the petitioner's claims did not align with the provisions of the Companies Act, leading to the dismissal of the petition and affirming the importance of addressing guarantor liabilities through proper legal avenues. en-us Wed, 28 Sep 2005 00:00:00 +0530 Thu, 19 Apr 2012 17:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111018 The court dismissed the petitioner's company petition seeking release from liability as a guarantor under section 633 of the Companies Act. The petitioner's attempt to avoid guarantor responsibility through the petition was deemed not bona fide. The court emphasized that objections regarding enforceability or relief from guarantor status should be raised in execution proceedings, not through company petitions. The judgment highlighted that the petitioner's claims did not align with the provisions of the Companies Act, leading to the dismissal of the petition and affirming the importance of addressing guarantor liabilities through proper legal avenues. Case-Laws Companies Law Wed, 28 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111018