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Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Insolvency and BankruptcyAugust 12, 2019Case LawsHC
Contempt petition the company and it’s officers/directors - The respondents are prevented by operation of law from jumping the queue and paying the balance amount to the petitioner in satisfaction of the compromise decree. - In the absence of any willful disobedience by the respondents, this Court cannot grant the relief sought for by the petitioner
Contempt petition the company and it’s officers/directors - The respondents are prevented by operation of law from jumping the queue and paying the balance amount to the petitioner in satisfaction of the compromise decree. - In the absence of any willful disobedience by the respondents, this Court cannot grant the relief sought for by the petitioner
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