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2019 (7) TMI 1457 - HC - VAT and Sales TaxLiability of surety under VAT, CST or sales tax matters - Release of payment from the account of petitioner company - company had stood surety of a dealer Gayatri Steel Traders against which dues of VAT and CST of a sum of ₹ 7,87,550/- were outstanding - HELD THAT:- The petitioner company itself did not stand surety for M/s Gayatri Steel Traders, Ambala City nor any resolution was given by it to the Excise and Taxation Department. Infact, one of its Directors Shri Vinod Kumar stood surety for the said firm in his individual and personal capacity for which the petitioner company cannot be held liable - it is well settled that in the absence of any specific provision in the statute, company cannot be held liable for the surety given by its director in his individual and personal capacity. Petition allowed - decided in favor of petitioner.
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