M/s.X is a company deals with M/s.Y Company. M/s.Y company issues post dated cheque which gets bounced back.
1. If the liability of Directors are unlimited or it is limited only to the company. 2. If the Director of M/S.Y company incorporate M/s.F Company, Can M/s.X sue the M/s.F as the directors are same.
The query is: if the liability u/s138 can be attached to the sister concerns where it is found that both the company are run by the same default promoters.
(Expert)
