https://www.taxtmi.com/caselaws?id=96744 An administrator holding valid letters of administration for a deceased shareholder's estate may be treated as a contributory where the company's articles recognise executors or administrators and the shares are recorded as devolved through death. On that basis, the administrator may maintain a winding-up petition. Where serious allegations against company officers indicate that the company's affairs require investigation, a court-supervised winding up is preferred over voluntary liquidation because it better serves justice and equity. The commentary states that the objections failed, the stay was set aside, and the winding-up application was allowed to proceed before the Court. en-us Thu, 18 Mar 1937 00:00:00 +0530 Tue, 10 Jan 2012 16:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96744 An administrator holding valid letters of administration for a deceased shareholder's estate may be treated as a contributory where the company's articles recognise executors or administrators and the shares are recorded as devolved through death. On that basis, the administrator may maintain a winding-up petition. Where serious allegations against company officers indicate that the company's affairs require investigation, a court-supervised winding up is preferred over voluntary liquidation because it better serves justice and equity. The commentary states that the objections failed, the stay was set aside, and the winding-up application was allowed to proceed before the Court. Case-Laws Companies Law Thu, 18 Mar 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96744