https://www.taxtmi.com/caselaws?id=769816 Delhi HC set aside orders holding a director personally liable for company's export obligation defaults under FTDR Act. Court found no show cause notice was issued to the petitioner director, violating natural justice principles. After company's winding up in 1998, notices should have been addressed to Official Liquidator, not done by respondent. Court held directors cannot be held vicariously liable unless specifically in charge of business conduct causing defaults. Respondent failed to establish personal liability or explain delays in proceedings spanning 1989-2009. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769816 Delhi HC set aside orders holding a director personally liable for company's export obligation defaults under FTDR Act. Court found no show cause notice was issued to the petitioner director, violating natural justice principles. After company's winding up in 1998, notices should have been addressed to Official Liquidator, not done by respondent. Court held directors cannot be held vicariously liable unless specifically in charge of business conduct causing defaults. Respondent failed to establish personal liability or explain delays in proceedings spanning 1989-2009. Case-Laws Customs Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769816