In a decision, the Supreme Court of India has underscored the necessity of specific allegations in complaints to establish the vicarious liability of company directors under the National Housing Bank Act, 1987 (the ‘1987 Act’). This ruling came in the case of National Housing Bank v. Bherudan Dugar Housing Finance Ltd. & Ors., where the
Specific Allegations Essential for Directors’ Liability in Company Offences: Supreme Court
