Solo entrepreneurs not personally liable for debts of their one person firms: HC

Solo entrepreneurs not personally liable for debts of their one person firms: HC

The ruling emerged from a dispute between Endemol India and Innovative Film Academy, a one person company solely owned by Saravana Prasad. Endemol sought to recover over ₹10 crore dues from a production agreement, not only from the company but also from Prasad personally.