Destruction of corporate records: statutory retention may be shortened on representations; affected parties can seek judicial review. Destruction of a wound-up company's books and papers is subject to a default retention period after dissolution but may be shortened by the Central Government on written representations from creditors, contributories or the liquidator after affording reasonable opportunity to interested persons; aggrieved parties may appeal to the court within the prescribed period, directions must not conflict with court orders, special resolutions can substitute the period, and applicants must serve the Central Government and allow the prescribed notice interval before court hearing.
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.
Destruction of corporate records: statutory retention may be shortened on representations; affected parties can seek judicial review.
Destruction of a wound-up company's books and papers is subject to a default retention period after dissolution but may be shortened by the Central Government on written representations from creditors, contributories or the liquidator after affording reasonable opportunity to interested persons; aggrieved parties may appeal to the court within the prescribed period, directions must not conflict with court orders, special resolutions can substitute the period, and applicants must serve the Central Government and allow the prescribed notice interval before court hearing.
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