TMI Blog2009 (10) TMI 884X X X X Extracts X X X X X X X X Extracts X X X X ..... d the present writ petition who claims that they were directors of a company, namely, M/s. Vaishno Devi Rice Mills Pvt. Ltd., Koshi Kala, Mathura. The said company had also taken loan from the Central Bank of India, Koshi Kala Branch, Mathura and its movable and immovable properties were mortgaged with the bank. The company suffered heavy loss with the result that it could not discharge the loan o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the respondents. When the Department sought to recover the said amount from the personal assets of the petitioners, the present writ petition has been filed mainly on the ground that the personal assets of the petitioners (erstwhile directors of the company) could not be attached or sold for the satisfaction of the recovery of the dues outstanding against the said company. A supplementary coun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ronouncements of this court in Meekin Transmission Ltd., Kanpur Nagar v. State of U.P. [2013] 58 VST 201 (All); [2008] 36 NTN 107, no recovery can be made from the personal assets of the petitioners in respect of outstanding dues of the company in question. The learned standing counsel, on the other hand, supports the impugned action of the Department. Considered the respective submissions o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat the company has failed to pay the Government dues or public revenue that by itself would not invite the doctrine of piercing the veil and is not sufficient to ignore the statutory corporate personality conferred upon a company and make its directors or shareholders responsible personally-When the tax dues are to be recovered from a corporate body, the directors of such corporate body would not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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