CHAIRMAN ABSOLVED FROM CHARGE AGAINST COMPANY
In the case of MSEB vs Datar Switch gear Ltd. the Supreme Court has decided that though the ex-
chairman was in charge then, it is a settled proposition of law; one cannot draw a presumption that the chairman of a company is responsible for all acts committed by or on behalf of the company.
chairman was in charge then, it is a settled proposition of law; one cannot draw a presumption that the chairman of a company is responsible for all acts committed by or on behalf of the company.
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