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        Companies Law

        2005 (8) TMI 402 - HC - Companies Law

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        Preferential Claim Application Dismissed: Adjudication by Official Liquidator Required The High Court of Rajasthan dismissed an application seeking immediate payment as a preferential claim, emphasizing that adjudication must be conducted by ...
                          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.

                              Preferential Claim Application Dismissed: Adjudication by Official Liquidator Required

                              The High Court of Rajasthan dismissed an application seeking immediate payment as a preferential claim, emphasizing that adjudication must be conducted by the Official Liquidator in accordance with the Companies Act, 1956 to prevent prejudice to other preferential claim holders. The application was rejected based on this rationale.


                              The High Court of Rajasthan dismissed an application seeking immediate payment as a preferential claim, stating that the adjudication must be done by the Official Liquidator as per the Companies Act, 1956 to avoid prejudice to other preferential claim holders. The application was dismissed on this ground.
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