https://www.taxtmi.com/caselaws?id=114057 The court dismissed the Writ Petition, upholding the first respondent's right to proceed against the company and Guarantors for recovery of dues without the need to exhaust steps against the company's properties first. The court emphasized the legality of the issue over the rights and liabilities among the Guarantors, citing specific provisions of the U.P. Act and clarifying that the precedent relied upon was not universally applicable. en-us Wed, 17 Jun 2009 00:00:00 +0530 Fri, 07 Nov 2014 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114057 The court dismissed the Writ Petition, upholding the first respondent's right to proceed against the company and Guarantors for recovery of dues without the need to exhaust steps against the company's properties first. The court emphasized the legality of the issue over the rights and liabilities among the Guarantors, citing specific provisions of the U.P. Act and clarifying that the precedent relied upon was not universally applicable. Case-Laws Companies Law Wed, 17 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114057