https://www.taxtmi.com/caselaws?id=237274 The court held that the penalty imposed on the Company for non-fulfillment of export obligations cannot be enforced against the petitioner, a director, without serving a mandatory notice under Section 14 of the Foreign Trade (Development and Regulation) Act, 1992. The court emphasized that directors cannot be held personally liable for the company's penalties unless statutory provisions explicitly provide for such liability. The respondents were permitted to proceed against the petitioner under Section 11(2) of the Act if procedural requirements, including serving a notice under Section 14, were met. The writ petitions were disposed of with no costs awarded. en-us Mon, 16 Sep 2013 00:00:00 +0530 Mon, 10 Feb 2014 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237274 The court held that the penalty imposed on the Company for non-fulfillment of export obligations cannot be enforced against the petitioner, a director, without serving a mandatory notice under Section 14 of the Foreign Trade (Development and Regulation) Act, 1992. The court emphasized that directors cannot be held personally liable for the company's penalties unless statutory provisions explicitly provide for such liability. The respondents were permitted to proceed against the petitioner under Section 11(2) of the Act if procedural requirements, including serving a notice under Section 14, were met. The writ petitions were disposed of with no costs awarded. Case-Laws Customs Mon, 16 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237274