https://www.taxtmi.com/caselaws?id=785640 Liability of directors for corporate tax in liquidation is addressed with emphasis on control by the liquidator and availability of company funds for recovery. The legal position recognises that tax, interest and penalty may be recovered from the company credit ledger maintained during liquidation; consequently individual directors bank accounts cannot be attached under the statutory mandate where the liquidator controls company affairs. Directors are permitted to apply to the tax authorities to be extricated from personal liability and seek vacatur of attachments; the court granted liberty to file such an application and ordered provisional vacatur of the bank account attachment pending determination. en-us Wed, 21 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785640 Liability of directors for corporate tax in liquidation is addressed with emphasis on control by the liquidator and availability of company funds for recovery. The legal position recognises that tax, interest and penalty may be recovered from the company credit ledger maintained during liquidation; consequently individual directors bank accounts cannot be attached under the statutory mandate where the liquidator controls company affairs. Directors are permitted to apply to the tax authorities to be extricated from personal liability and seek vacatur of attachments; the court granted liberty to file such an application and ordered provisional vacatur of the bank account attachment pending determination. Case-Laws IBC Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785640