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of <h1>Former Directors Must Deposit Funds for Creditor Ads After Appeal Dismissed in Company Liquidation Case.</h1> <h3>Sudhendu Chowdhury Versus Official Liquidator</h3> Sudhendu Chowdhury Versus Official Liquidator - TMI The appeal by two former directors of a company in liquidation was dismissed by the High Court of Calcutta. The court upheld the order directing the appellants to deposit funds for advertisement to invite claims from creditors. The order of winding up had already attained finality, and the complaint against the directors for non-filing of statements of affairs was pending. The court found no illegality in the order and dismissed the appeal. No costs were awarded.
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