Directors Not Personally Liable For Non-Fulfilment Of Company's Export Obligations Unless Specific Role Is Alleged: Delhi HC

Delhi High Court held that directors are not personally liable for the non-fulfillment of a company's export obligations unless a specific role and involvement of the director in the alleged non-fulfillment are clearly alleged. This ruling clarifies the liability of directors in matters of corporate obligations, stating that they are not automatically held responsible unless their direct role in the default is established.