https://www.taxtmi.com/caselaws?id=96834 Court power in winding-up is confined to persons and classes expressly identified by the Companies Act; the court cannot compel payment from parties outside those statutory classes, so payment orders against such persons are denied. Validation of payments made after presentation of the winding-up petition will not be granted where the transactions are not in the ordinary course or would unjustly prefer some creditors over others; post-petition payments that produce loss to other creditors or create undue preference are not validated and such applications are dismissed. en-us Mon, 19 Aug 1940 00:00:00 +0530 Wed, 11 Jan 2012 14:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96834 Court power in winding-up is confined to persons and classes expressly identified by the Companies Act; the court cannot compel payment from parties outside those statutory classes, so payment orders against such persons are denied. Validation of payments made after presentation of the winding-up petition will not be granted where the transactions are not in the ordinary course or would unjustly prefer some creditors over others; post-petition payments that produce loss to other creditors or create undue preference are not validated and such applications are dismissed. Case-Laws Companies Law Mon, 19 Aug 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96834