Right to apply for winding up preserved; statutory repeal later removed the provision from the Companies Act framework. Section 521 preserved the right of creditors and contributories to apply for winding up under the Companies Act, 1956, serving as a protective clause that maintained their procedural entitlement to seek winding-up relief; this provision was repealed by the Companies (Amendment) Act, 1960 by section 181, removing Section 521 from the statute.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Right to apply for winding up preserved; statutory repeal later removed the provision from the Companies Act framework.
Section 521 preserved the right of creditors and contributories to apply for winding up under the Companies Act, 1956, serving as a protective clause that maintained their procedural entitlement to seek winding-up relief; this provision was repealed by the Companies (Amendment) Act, 1960 by section 181, removing Section 521 from the statute.
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