https://www.taxtmi.com/caselaws?id=430849 Section 16B of the APGST Act, 1957 fastens liability on directors of a private company only in the context of winding up or liquidation; it does not permit direct recovery against an ex-director merely because recovery from the company has not succeeded. Where the company had not been wound up and the record did not show prior effective recovery steps against the company or a basis for proceeding personally against the ex-director, the statutory precondition for attachment was absent. On that basis, attachment of the ex-director's property was unsustainable, and the challenge succeeded. en-us Tue, 22 Nov 2022 00:00:00 +0530 Wed, 30 Nov 2022 05:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430849 Section 16B of the APGST Act, 1957 fastens liability on directors of a private company only in the context of winding up or liquidation; it does not permit direct recovery against an ex-director merely because recovery from the company has not succeeded. Where the company had not been wound up and the record did not show prior effective recovery steps against the company or a basis for proceeding personally against the ex-director, the statutory precondition for attachment was absent. On that basis, attachment of the ex-director's property was unsustainable, and the challenge succeeded. Case-Laws VAT and Sales Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430849