https://www.taxtmi.com/caselaws?id=127054 The court quashed the demand notice and attachment order for personal assets due to a company's liabilities, citing that directors cannot be held liable for a company's duty without specific statutory provisions. The petitioner was directed to provide a bank guarantee for the penalty amount, ensuring it would not be enforced without proper procedure and notice. The writ petition was disposed of with no costs, and the notice of motion was deemed irrelevant and disposed of accordingly. en-us Tue, 22 Sep 2009 00:00:00 +0530 Tue, 12 Feb 2013 18:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127054 The court quashed the demand notice and attachment order for personal assets due to a company's liabilities, citing that directors cannot be held liable for a company's duty without specific statutory provisions. The petitioner was directed to provide a bank guarantee for the penalty amount, ensuring it would not be enforced without proper procedure and notice. The writ petition was disposed of with no costs, and the notice of motion was deemed irrelevant and disposed of accordingly. Case-Laws Central Excise Tue, 22 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127054