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kashish jain   08 March 2019

basics

the members of a private limited company consist of 'A' and 'B' who are also its directors.

On 4th August 2015, 'A' left India for a foreign business tour and on 28th August 2015 he died abroad.

On 1st September 2015, 'B' purchased on credit Rs.10000 worth of goods from 'C' on behalf of company.

'C' now proposes to make 'B' personally liable for the payment of the debt. Is 'B' liable?

please state your answer with relevant sections and provision.


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