https://www.taxtmi.com/caselaws?id=425112 The court quashed the penalty orders against Mr. Bhatt, finding them void due to violations of natural justice and lack of evidence of his involvement in the company's alleged defaults. The court held that Mr. Bhatt's resignation was valid, and he was not personally notified or given a chance to defend himself. The court emphasized the need for specific evidence to establish a director's liability and criticized the lack of proper inquiry by the authorities. Ultimately, the court ruled in favor of the petitioner, declaring the penalty orders against Mr. Bhatt unjustified and void from the beginning. en-us Fri, 08 Jul 2022 00:00:00 +0530 Sat, 16 Jul 2022 09:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425112 The court quashed the penalty orders against Mr. Bhatt, finding them void due to violations of natural justice and lack of evidence of his involvement in the company's alleged defaults. The court held that Mr. Bhatt's resignation was valid, and he was not personally notified or given a chance to defend himself. The court emphasized the need for specific evidence to establish a director's liability and criticized the lack of proper inquiry by the authorities. Ultimately, the court ruled in favor of the petitioner, declaring the penalty orders against Mr. Bhatt unjustified and void from the beginning. Case-Laws Customs Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425112