https://www.taxtmi.com/caselaws?id=111033 The court dismissed the application under Sections 542 and 543 of the Companies Act, finding that the official liquidator did not establish a case for recovery against the ex-directors. The court determined that the evidence did not support claims of misfeasance or negligence and that new charges introduced after the limitation period were not tenable. Therefore, the application was dismissed, and no costs were awarded. en-us Fri, 18 Nov 2005 00:00:00 +0530 Thu, 19 Apr 2012 18:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111033 The court dismissed the application under Sections 542 and 543 of the Companies Act, finding that the official liquidator did not establish a case for recovery against the ex-directors. The court determined that the evidence did not support claims of misfeasance or negligence and that new charges introduced after the limitation period were not tenable. Therefore, the application was dismissed, and no costs were awarded. Case-Laws Companies Law Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111033