CD cannot Escape Liability by Contending to be mere Agent of Principal: NCLAT [Read Order]

CD cannot escape liability by contending to be mere agent of principal, rules NCLAT
NCLAT - national companies - company laws - corporate debtor - Liability - TAXSCAN

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the corporate debtor ( CD ) cannot escape liability by contending to be mere agent of the principal. The present appeal was filed by Mr. Mukund Rajhans, Suspended Director Topaki Media Private Limited (“TMPL”) under Section 61 of the…

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