https://www.taxtmi.com/caselaws?id=384183 The High Court allowed the petition under Article 227, overturning the Trial Court's decision to dismiss the defendant directors' application to remove their names from the suit. The Court emphasized that the fraud allegations against the directors did not establish personal liability, maintaining the separate legal identity of the company. Relying on legal precedents, the High Court clarified the limited scope of directorial liability in civil suits and the restricted application of the corporate veil doctrine, ultimately deleting the defendant directors from the suit's array of parties. en-us Fri, 02 Aug 2019 00:00:00 +0530 Thu, 08 Aug 2019 07:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384183 The High Court allowed the petition under Article 227, overturning the Trial Court's decision to dismiss the defendant directors' application to remove their names from the suit. The Court emphasized that the fraud allegations against the directors did not establish personal liability, maintaining the separate legal identity of the company. Relying on legal precedents, the High Court clarified the limited scope of directorial liability in civil suits and the restricted application of the corporate veil doctrine, ultimately deleting the defendant directors from the suit's array of parties. Case-Laws Companies Law Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384183