https://www.taxtmi.com/caselaws?id=96768 Leave of the Liquidation Court was not treated as a prerequisite for a revisional challenge against an order passed in proceedings where the company in liquidation itself had sought rateable distribution. The preliminary objection based on the Companies Act was rejected. The decree-holder whose property had already been attached in execution before the sale, and before the sale proceeds were received by the executing court, was entitled to rateable distribution without a fresh formal application to the receiving court. Section 63 of the Code of Civil Procedure was held inapplicable on those facts, and the claim to share rateably in the sale proceeds was upheld. en-us Fri, 17 Jun 1938 00:00:00 +0530 Wed, 11 Jan 2012 10:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96768 Leave of the Liquidation Court was not treated as a prerequisite for a revisional challenge against an order passed in proceedings where the company in liquidation itself had sought rateable distribution. The preliminary objection based on the Companies Act was rejected. The decree-holder whose property had already been attached in execution before the sale, and before the sale proceeds were received by the executing court, was entitled to rateable distribution without a fresh formal application to the receiving court. Section 63 of the Code of Civil Procedure was held inapplicable on those facts, and the claim to share rateably in the sale proceeds was upheld. Case-Laws Companies Law Fri, 17 Jun 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96768