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    <title>2019 (7) TMI 1457 - PUNJAB &amp; HARYANA HIGH COURT</title>
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    <description>The Court allowed the petition, setting aside the order rejecting the company&#039;s representation and directing the refund of the recovered amount. It held that the company was not liable for the director&#039;s personal surety, emphasizing the lack of statutory basis for the recovery. The Court clarified that recovery should be pursued from the actual liable parties or the director personally, in compliance with the law, highlighting the distinction between a company&#039;s liability and a director&#039;s personal obligations in financial matters.</description>
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    <pubDate>Tue, 19 Mar 2019 00:00:00 +0530</pubDate>
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      <description>The Court allowed the petition, setting aside the order rejecting the company&#039;s representation and directing the refund of the recovered amount. It held that the company was not liable for the director&#039;s personal surety, emphasizing the lack of statutory basis for the recovery. The Court clarified that recovery should be pursued from the actual liable parties or the director personally, in compliance with the law, highlighting the distinction between a company&#039;s liability and a director&#039;s personal obligations in financial matters.</description>
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      <pubDate>Tue, 19 Mar 2019 00:00:00 +0530</pubDate>
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