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of <h1>High Court overturns order due to lapse, exonerates former directors</h1> The High Court of Allahabad set aside the order against the appellants, finding they were not directors at the relevant time. The court criticized the ... Winding up - Overriding preferential payments The High Court of Allahabad set aside the order directing proceedings against appellants, stating they were not directors at the relevant time. The court criticized the Income-tax authorities for not following procedures and commented on the official liquidator's lack of responsibility. The order against the appellants was withdrawn, allowing the authorities to proceed against the former directors.
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