https://www.taxtmi.com/caselaws?id=96664 Section 183(5) of the Indian Companies Act permits petitioning creditors, as persons aggrieved, to seek reconsideration of an ex parte order approving solicitors for an Official Liquidator. In liquidation proceedings, the established preference for petitioning creditors' solicitors may apply where they possess prior knowledge of prolonged and complex matters. Replacing them with an unfamiliar firm may increase costs without improving efficiency. An ex parte appointment made on insufficient material may therefore be set aside, with the petitioning creditors' solicitors engaged to assist the Official Liquidator and relevant costs paid from company assets. en-us Fri, 09 Nov 1934 00:00:00 +0530 Tue, 10 Jan 2012 12:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96664 Section 183(5) of the Indian Companies Act permits petitioning creditors, as persons aggrieved, to seek reconsideration of an ex parte order approving solicitors for an Official Liquidator. In liquidation proceedings, the established preference for petitioning creditors' solicitors may apply where they possess prior knowledge of prolonged and complex matters. Replacing them with an unfamiliar firm may increase costs without improving efficiency. An ex parte appointment made on insufficient material may therefore be set aside, with the petitioning creditors' solicitors engaged to assist the Official Liquidator and relevant costs paid from company assets. Case-Laws Companies Law Fri, 09 Nov 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96664