https://www.taxtmi.com/caselaws?id=44265 A company's fine remained its own liability because the company had a separate legal identity, and the ex-Managing Director was not shown to be personally liable for it. Coercive recovery through a non-bailable warrant and distress warrant against him was therefore unsustainable. Winding up of the company and appointment of an official liquidator did not justify shifting the company's liability to the ex-Managing Director; recovery, if any, had to proceed against the company and its assets in accordance with law. en-us Thu, 23 Feb 1995 00:00:00 +0530 Fri, 25 Jun 2010 11:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44265 A company's fine remained its own liability because the company had a separate legal identity, and the ex-Managing Director was not shown to be personally liable for it. Coercive recovery through a non-bailable warrant and distress warrant against him was therefore unsustainable. Winding up of the company and appointment of an official liquidator did not justify shifting the company's liability to the ex-Managing Director; recovery, if any, had to proceed against the company and its assets in accordance with law. Case-Laws Central Excise Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44265