https://www.taxtmi.com/acts?id=12947 If during a company's winding up business was carried on with intent to defraud creditors or for a fraudulent purpose, the Tribunal may, on application by the Official Liquidator, liquidator, creditor or contributory, declare persons knowingly party to that conduct personally responsible without limitation for company debts as it directs; the Tribunal may make and enforce charges on debts, mortgages or interests in company assets, and the civil declaration coexists with criminal penalties for those knowingly involved. en-us Wed, 18 May 2011 12:44:44 +0530 Wed, 18 May 2011 12:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12947 If during a company's winding up business was carried on with intent to defraud creditors or for a fraudulent purpose, the Tribunal may, on application by the Official Liquidator, liquidator, creditor or contributory, declare persons knowingly party to that conduct personally responsible without limitation for company debts as it directs; the Tribunal may make and enforce charges on debts, mortgages or interests in company assets, and the civil declaration coexists with criminal penalties for those knowingly involved. Act-Rules Companies Law Wed, 18 May 2011 12:44:44 +0530 https://www.taxtmi.com/acts?id=12947