https://www.scconline.com/blog/post/2022/11/10/failure-of-director-to-contradict-allegation-of-contract-of-purchase-from-the-company-can-only-fasten-liability-for-the-alleged-amount-but-cannot-lead-to-forfeiture-of-his-office-of-director-sc/
Failure of Director to contradict allegation of contract of purchase from the Company can only fasten liability for the alleged amount but cannot lead to forfeiture of his office of Director: SC