Money decree against a pvt ltd co.

The directors of other firms cannot be held liable for the debts of this company, but individually they can be held for the debts. If the funds of the debtor company is being utilised by the other company, then that company may be brought on records for further course of legal action in this regard.

You can recover the  decreetal amount from   the property of directors of judjment debtor company  they are   jointly and personally liable with company to pay the decreetal amount.It is immetarial that they have incorporated another new company.  

Sir , Thats the problem one of our esteemed lawyers has said we can recover from directors , the other has said no we cant  ,, that is my problem ,,,,,one of the sister concerns are inter trading up to 80 % of sales within themselves.. and directors have same office and residence offices and are relatives

sorry in fact  to add ,  one of directors of the JD firm are also directors of sister concerns  same in all the firms , 

dear friend,

you can move to high court for seeking relief on the basis of piercing of corporate veil. the amount can't be recovered from individual directors unless the doctrine of corporate veil applied by the high court.