https://www.taxtmi.com/caselaws?id=96701 Whether to remove the official liquidators: the court weighed allegations of misconduct (banking failures, misuse of funds, delays, large suspense account, delegation and travel charges) against the liquidators' accrued knowledge and practical realisations and refused removal because displacement was not necessary in the real, substantial and honest interest of the liquidation. Whether to transfer proceedings: transfer to the District Court was declined for lack of sufficient purpose or advantage. Whether banking/accounting duties were complied with: the court found failures to open/operate the prescribed bank account and to give creditor notice, and ordered immediate remedial directions and costs. en-us Fri, 13 Dec 1935 00:00:00 +0530 Tue, 10 Jan 2012 14:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96701 Whether to remove the official liquidators: the court weighed allegations of misconduct (banking failures, misuse of funds, delays, large suspense account, delegation and travel charges) against the liquidators' accrued knowledge and practical realisations and refused removal because displacement was not necessary in the real, substantial and honest interest of the liquidation. Whether to transfer proceedings: transfer to the District Court was declined for lack of sufficient purpose or advantage. Whether banking/accounting duties were complied with: the court found failures to open/operate the prescribed bank account and to give creditor notice, and ordered immediate remedial directions and costs. Case-Laws Companies Law Fri, 13 Dec 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96701