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    <title>2015 (7) TMI 337 - COMPANY LAW BOARD CHENNAI</title>
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    <description>The Bench found the petition maintainable under Section 614 of the Companies Act, 1956. The petitioner&#039;s resignation as a director was deemed valid and effective from the date of submission, irrespective of pending liabilities. The company was directed to file Form 32 within 15 days to record the resignation. The petitioner&#039;s liability for company debts was acknowledged but separated from the filing obligation. The petition was ordered and disposed of accordingly.</description>
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      <description>The Bench found the petition maintainable under Section 614 of the Companies Act, 1956. The petitioner&#039;s resignation as a director was deemed valid and effective from the date of submission, irrespective of pending liabilities. The company was directed to file Form 32 within 15 days to record the resignation. The petitioner&#039;s liability for company debts was acknowledged but separated from the filing obligation. The petition was ordered and disposed of accordingly.</description>
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