https://www.taxtmi.com/acts?id=15776 If during winding up a company's business was carried on to defraud creditors or for a fraudulent purpose, the Tribunal may, on application by the Official Liquidator, Company Liquidator, any creditor or contributory, declare directors, managers, officers or any person knowingly party to the conduct personally responsible without any limitation of liability for the company's debts or liabilities, and may impose charges on debts or assets and make orders to enforce those charges; knowingly party persons are also liable under section 447. en-us Fri, 23 Dec 2011 15:40:36 +0530 Fri, 23 Dec 2011 15:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15776 If during winding up a company's business was carried on to defraud creditors or for a fraudulent purpose, the Tribunal may, on application by the Official Liquidator, Company Liquidator, any creditor or contributory, declare directors, managers, officers or any person knowingly party to the conduct personally responsible without any limitation of liability for the company's debts or liabilities, and may impose charges on debts or assets and make orders to enforce those charges; knowingly party persons are also liable under section 447. Act-Rules Bills Fri, 23 Dec 2011 15:40:36 +0530 https://www.taxtmi.com/acts?id=15776