https://www.taxtmi.com/caselaws?id=214979 An application for misfeasance under section 543(1) of the Companies Act, 1956 was held not maintainable against a person appointed as director only after the period in which the alleged loss was said to have occurred. The alleged wrongful acts related to a period ending before the respondent's appointment as director, and the material on record did not connect him with those acts or the claimed loss to the company in liquidation. On that basis, liability could not be fixed on the respondent for the earlier period, and recovery on the misfeasance claim failed. en-us Thu, 18 Aug 2011 00:00:00 +0530 Tue, 05 Jun 2012 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214979 An application for misfeasance under section 543(1) of the Companies Act, 1956 was held not maintainable against a person appointed as director only after the period in which the alleged loss was said to have occurred. The alleged wrongful acts related to a period ending before the respondent's appointment as director, and the material on record did not connect him with those acts or the claimed loss to the company in liquidation. On that basis, liability could not be fixed on the respondent for the earlier period, and recovery on the misfeasance claim failed. Case-Laws Companies Law Thu, 18 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214979