also for an interim injunction restraining the
Corporation from presenting a winding-up petition under the
Companies Act, 1956 . The prayer for injunction was turned ... Corporation by an injunction of the court from instituting a
proceeding for winding-up of the Bank. There is a clear
Scope of.
Words and phrases-Meaning of "Court which is winding up
the company" - Section 446 (2) - Companies Act, 1956 .
HEADNOTE:
The appellant ... Division Bench of the High Court the order of the Company
Judge, winding up the appellant-company and appointing
Official Liquidator, on three petitions moved
person interested in the company's
affairs order its winding up.
The holding company proposed a scheme of
compromise/arrangement between its subsidiary ... modification and that, therefore, the court should
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make an order of winding up. The company judge allowed
substitution of the appellants as proponents
does not need the use of
the premises for carrying on the winding up activities of
tho Company because he sought direction for parting with ... Companies Act, 1956 gives
power to the Liquidator in a winding up by the Court, with
the sanction of the Court, to carry
debt inadmissible for payment by the official liquidator in winding up, and refusing to grant priority in payment as envisaged by section ... levied for the period subsequent to the date of the order of winding up.
2. Company was ordered to be would up by an order
presented on November 1, 1966, for an order for winding up the Rajratna Naranbhai Mills Co. Ltd. The court made an order on 26th June ... winding up the company and simultaneously appointed the official liquidator as liquidator of the company. The liquidator proceeded to collect and take into his custody
March 24,1967, praying for an order for winding up the company. By an order made on September 11,1967, the company was ordered ... simultaneously cancelled the order made on September 11,1967, winding up the company. The sponsors of the scheme filed Company Application
assets of the company and that the society ranks outside winding up ?
or
Whether the amount is part of the assets of the company ... distributable as such in the course of winding up ?"
2. On a petition filed by Western India Dye-stuff Corporation being Company Petition
amount within 21 days, failing which a petition for an order for winding up the company would be filed in the High Court of Gujarat ... under section 433 read with section 439 praying for an order for winding up the company.
4. When the winding-up petition came
company petition filed by different creditors-respondents here for winding up the company-petitioner herein. On a notice being issued by the learned Company Judge ... Judge after framing the issues, gave a direction that the petition for winding- up be advertised. The petitioner-company against whom the petition for winding
