unless approved by the secured creditor; (c) no proceeding for the winding up of such company or for the appointment of a receiver in respect
SERVICES LTD. . In that case, the respondent bank filed a petition for winding up of the appellant company, later the appellant undertook to make some ... interest. The respondent bank moved an application for revival of the winding up petition. A learned Single Judge of the High Court passed order
order made by the Central Registrar under section 86 directing the winding up of a multi-State co-operative society; (g) an order made
Section 86 in The Multi-State Co-Operative Societies Act, 2002
86. Winding up of multi-State co-operative societies.—
(1) If the Central Registrar ... reasonable opportunity of making its representation, make an order directing the winding up of the multi-State co-operative society,— (a) where
died within two years immediately preceding the date of the order of winding up, shall continue until the entire liquidation proceedings are completed, but such
Reserve Bank of India Act, 1934 (in short, the Act) for winding up the affairs of the appellant company. In another petition filed by certain ... said judgment leaned single Judge has allowed CP 93/2001 ordering winding up of the appellant company and dismissed
Author: Vikramajit Sen
Bench: Vikramajit Sen
JUDGMENT
Vikramajit Sen, J.
1. This Winding-up Petition has been filed under
Section ... somewhat exaggregated. The decisions do
not inexorably lead to the conclusion that Winding-up
orders must unvariably be passed where no response to a
Statutory
directed payment of rent of the leasehold lands from the date of winding up directly to the lessors.
5. The matter was carried in appeal ... could such a tenancy survive the company. That, once an order of winding up was made, the company, for all intents and purposes, ceased
multi-State co-operative society in respect of which an order for winding up has been made, shall vest in the liquidator appointed under section ... multi-State co-operative society, including interest up to the date of winding up according to their respective priorities, if any, in full or rateably
Central Registrar has made an order under section 86 for the winding up of a multi-State co-operative society, the Central Registrar may appoint ... section (1) of section 99, an order for the winding up of a multi-State co-operative society made under section 86 shall not operate
