Bombay High Court Quashes Arrest Warrant Against Managing Director in Recovery Certificate Proceedings Under MRTU & PULP Act — Personal Liability Not Established. Director Cannot Be Arrested for Company's Dues Without Lifting Corporate Veil or Establishing Personal Liability Under Sections 50-52 of MRTU & PULP Act, 1971.
2 Aug 2018The petitioner, Madhusudan Zumbarlal Sarda, was the Managing Director of Sarda Fashions Ltd. (later Sarda Information Technology Ltd.). Respondent Nos...




