https://www.taxtmi.com/caselaws?id=785480 Personal liability of directors cannot be imposed merely by designation; specific averments or findings showing individual participation in company conduct are required, and collective management conduct may be relevant where violations arise from concerted action. Determination of individual culpability involves factual inquiry, appreciation of evidence and scrutiny of regulatory conclusions, which writ courts normally avoid when challenged orders are reasoned. Availability of an alternative statutory remedy under the SEBI Act for appeals against recoveries and attachments militates against exercise of Article 226 jurisdiction; petitioner directed to pursue the statutory appellate forum and contentions left open for that forum to decide. en-us Thu, 22 Jan 2026 00:00:00 +0530 Sat, 24 Jan 2026 08:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785480 Personal liability of directors cannot be imposed merely by designation; specific averments or findings showing individual participation in company conduct are required, and collective management conduct may be relevant where violations arise from concerted action. Determination of individual culpability involves factual inquiry, appreciation of evidence and scrutiny of regulatory conclusions, which writ courts normally avoid when challenged orders are reasoned. Availability of an alternative statutory remedy under the SEBI Act for appeals against recoveries and attachments militates against exercise of Article 226 jurisdiction; petitioner directed to pursue the statutory appellate forum and contentions left open for that forum to decide. Case-Laws SEBI Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785480