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    <title>1936 (2) TMI 19 - HIGH COURT OF PATNA</title>
    <link>https://www.taxtmi.com/caselaws?id=96710</link>
    <description>Creditors could not use section 216 to challenge the existence or validity of a voluntary winding up, because that provision is limited to questions arising in the winding up and to assistance that is just and beneficial to the process. Ancillary reliefs such as supervision, or appointment or removal of a liquidator, were unavailable unless the statutory preconditions under section 209 had first been met, including the required creditors&#039; meeting and resolution. In the absence of those conditions, the applications were inconsistent with the statutory scheme and were treated as misconceived.</description>
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    <pubDate>Fri, 28 Feb 1936 00:00:00 +0530</pubDate>
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      <title>1936 (2) TMI 19 - HIGH COURT OF PATNA</title>
      <link>https://www.taxtmi.com/caselaws?id=96710</link>
      <description>Creditors could not use section 216 to challenge the existence or validity of a voluntary winding up, because that provision is limited to questions arising in the winding up and to assistance that is just and beneficial to the process. Ancillary reliefs such as supervision, or appointment or removal of a liquidator, were unavailable unless the statutory preconditions under section 209 had first been met, including the required creditors&#039; meeting and resolution. In the absence of those conditions, the applications were inconsistent with the statutory scheme and were treated as misconceived.</description>
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      <pubDate>Fri, 28 Feb 1936 00:00:00 +0530</pubDate>
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