https://www.taxtmi.com/caselaws?id=112583 The court dismissed the Official Liquidator's application, finding no substantial evidence of misfeasance or breach of trust by the ex-directors. The judgment emphasized the necessity of specific and detailed allegations to establish liability under Sections 542 and 543 of the Companies Act, 1956, highlighting the insufficiency of general allegations without specific instances of misconduct. en-us Fri, 10 Jul 2009 00:00:00 +0530 Thu, 06 Nov 2014 09:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112583 The court dismissed the Official Liquidator's application, finding no substantial evidence of misfeasance or breach of trust by the ex-directors. The judgment emphasized the necessity of specific and detailed allegations to establish liability under Sections 542 and 543 of the Companies Act, 1956, highlighting the insufficiency of general allegations without specific instances of misconduct. Case-Laws Companies Law Fri, 10 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112583