https://www.taxtmi.com/caselaws?id=193449 The Court held that imposing liability on the directors for actions related to the private bank before its transfer to the cooperative society was without jurisdiction. The case was remanded for further proceedings, with liabilities to be assessed based on post-transfer actions. The parties were to bear their own costs, and the security deposit was to be refunded to the petitioners. en-us Mon, 08 Feb 1971 00:00:00 +0530 Sat, 29 Jul 2017 16:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193449 The Court held that imposing liability on the directors for actions related to the private bank before its transfer to the cooperative society was without jurisdiction. The case was remanded for further proceedings, with liabilities to be assessed based on post-transfer actions. The parties were to bear their own costs, and the security deposit was to be refunded to the petitioners. Case-Laws Indian Laws Mon, 08 Feb 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193449