https://www.taxtmi.com/caselaws?id=126886 The court allowed the application, striking off the misfeasance proceedings against the applicant due to the lack of specific allegations proving his liability. The court emphasized that misfeasance allegations must be proven, not presumed, and directors are not automatically liable for company losses. The applicant's resignation before the company's winding up imposed a duty on the official liquidator to provide detailed allegations, which were found lacking. The official liquidator was directed to draft future pleadings accordingly, with no order as to costs. en-us Tue, 07 Dec 2010 00:00:00 +0530 Thu, 18 Sep 2014 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126886 The court allowed the application, striking off the misfeasance proceedings against the applicant due to the lack of specific allegations proving his liability. The court emphasized that misfeasance allegations must be proven, not presumed, and directors are not automatically liable for company losses. The applicant's resignation before the company's winding up imposed a duty on the official liquidator to provide detailed allegations, which were found lacking. The official liquidator was directed to draft future pleadings accordingly, with no order as to costs. Case-Laws Companies Law Tue, 07 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126886