https://www.taxtmi.com/caselaws?id=374222 The High Court ruled in favor of the petitioner, a former Non-Executive Director erroneously listed as a defaulting director of a 'Vanishing Company.' Despite SEBI revoking adverse directions against him, respondent no.1 persisted in listing him as defaulting. The court found no basis to hold him accountable, directing his removal from the defaulting director list. However, respondent no.1 could issue a separate show cause notice if they believed he was an officer in default. Each party was responsible for their costs, resolving the issue. en-us Fri, 11 Jan 2019 00:00:00 +0530 Tue, 29 Jan 2019 07:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374222 The High Court ruled in favor of the petitioner, a former Non-Executive Director erroneously listed as a defaulting director of a 'Vanishing Company.' Despite SEBI revoking adverse directions against him, respondent no.1 persisted in listing him as defaulting. The court found no basis to hold him accountable, directing his removal from the defaulting director list. However, respondent no.1 could issue a separate show cause notice if they believed he was an officer in default. Each party was responsible for their costs, resolving the issue. Case-Laws Companies Law Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374222