The Madras High Court has ruled that the dissolution or winding up of a company does not terminate the personal criminal liability of its directors or natural persons. Dismissing the criminal original petitions filed by the directors of M/s. Synergy Financial Exchange Limited (SFEL), Justice G.K. Ilanthiraiyan held that while the corporate entity itself may
Company’s Winding Up Does Not Shield Directors From Prosecution for Their Personal Role in Fraud: Madras High Court
