https://www.taxtmi.com/caselaws?id=96544 In voluntary liquidation, section 207 of the Indian Companies Act does not itself bar execution of a decree or confer power on an executing court to stay the proceedings. The provision requiring the company's assets to be applied pari passu is directed to the private liquidator, while restrictions on proceedings and execution apply to winding up by the court or under its supervision. If directions are needed, the proper course is to approach the court having jurisdiction under the Act. The executing court therefore had no jurisdiction to stop execution merely because the company was in voluntary liquidation. en-us Mon, 24 Nov 1930 00:00:00 +0530 Mon, 09 Jan 2012 11:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96544 In voluntary liquidation, section 207 of the Indian Companies Act does not itself bar execution of a decree or confer power on an executing court to stay the proceedings. The provision requiring the company's assets to be applied pari passu is directed to the private liquidator, while restrictions on proceedings and execution apply to winding up by the court or under its supervision. If directions are needed, the proper course is to approach the court having jurisdiction under the Act. The executing court therefore had no jurisdiction to stop execution merely because the company was in voluntary liquidation. Case-Laws Companies Law Mon, 24 Nov 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96544