https://www.taxtmi.com/caselaws?id=213394 The Supreme Court dismissed the suit for recovery filed by the respondent company due to insufficient evidence proving the authorization of the individual who filed the suit on behalf of the company. The authority letter provided was deemed insufficient as it lacked a board resolution authorizing delegation of powers. The court set aside the High Court's decision, restoring the trial court's judgment that dismissed the suit. The appellant was allowed to withdraw the deposited amount, and costs were awarded due to the respondent's failure to contest the appeal. en-us Tue, 22 Feb 2011 00:00:00 +0530 Fri, 01 Dec 2017 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213394 The Supreme Court dismissed the suit for recovery filed by the respondent company due to insufficient evidence proving the authorization of the individual who filed the suit on behalf of the company. The authority letter provided was deemed insufficient as it lacked a board resolution authorizing delegation of powers. The court set aside the High Court's decision, restoring the trial court's judgment that dismissed the suit. The appellant was allowed to withdraw the deposited amount, and costs were awarded due to the respondent's failure to contest the appeal. Case-Laws Companies Law Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213394