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    <title>2026 (1) TMI 846 - Supreme Court</title>
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    <description>Execution cannot be used to expand liability to persons who were neither parties to the proceedings nor shown to have furnished guarantees; corporate shareholders or promoters remain liable only to the extent of shareholding or express guarantees, and no material established personal guarantees by the non-party directors, so they cannot be subjected to execution. A declared moratorium against the judgment-debtor company bars execution measures under the consumer statute, preventing attachment or withdrawal from third-party accounts; consequently execution proceedings cannot be pursued indirectly against non-debtors. Procedural safeguards of notice, pleadings, opportunity to contest and evidence are substantive prerequisites before personal liability can be fastened, and absent these the executing forum must decline executability.</description>
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      <link>https://www.taxtmi.com/caselaws?id=785090</link>
      <description>Execution cannot be used to expand liability to persons who were neither parties to the proceedings nor shown to have furnished guarantees; corporate shareholders or promoters remain liable only to the extent of shareholding or express guarantees, and no material established personal guarantees by the non-party directors, so they cannot be subjected to execution. A declared moratorium against the judgment-debtor company bars execution measures under the consumer statute, preventing attachment or withdrawal from third-party accounts; consequently execution proceedings cannot be pursued indirectly against non-debtors. Procedural safeguards of notice, pleadings, opportunity to contest and evidence are substantive prerequisites before personal liability can be fastened, and absent these the executing forum must decline executability.</description>
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