https://www.taxtmi.com/caselaws?id=424081 The Court found that Section 74(3) of the Insolvency and Bankruptcy Code does not impose vicarious liability, suggesting that the individual petitioners were improperly summoned in their personal capacity. The Court instructed the respondent to submit a reply affidavit, with a rejoinder affidavit to follow from the petitioners. The case was scheduled for additional proceedings, and the individual petitioners were excused from attending the Trial Court until the subsequent hearing. The Court mandated the publication of the order on the court's website for public viewing. en-us Tue, 01 Feb 2022 00:00:00 +0530 Tue, 21 Jun 2022 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424081 The Court found that Section 74(3) of the Insolvency and Bankruptcy Code does not impose vicarious liability, suggesting that the individual petitioners were improperly summoned in their personal capacity. The Court instructed the respondent to submit a reply affidavit, with a rejoinder affidavit to follow from the petitioners. The case was scheduled for additional proceedings, and the individual petitioners were excused from attending the Trial Court until the subsequent hearing. The Court mandated the publication of the order on the court's website for public viewing. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424081