Allahabad HC Stays Revenue Recovery Against NBFC And Its Director For Liability Of Their Borrower [Read Order]

Reaffirming that a company has a separate legal identity from its owners, the Allahabad High Court on Tuesday stayed the recovery proceedings started by the Respondents, Ghaziabad Development Authority and District Magistrate, Ghaziabad against the Petitioner, Rakesh Jain and asked them to file their responses in the matter. The bench of Justice Pankaj Mithal and Justice Vivek...