India | Securities Law
Legal Question
i was an independent director in an indian limited company which took loans from banks and defaulted repayments.
the banks approached drt for recovery of the dues.
presently drt served a notice u/s 34[4].
while i was the independent director i did not stand guarantee to any loans/debts.
i now request you to kindly indicate to what extent iam liable for the debts incurred by the company.


