https://www.taxtmi.com/caselaws?id=96884 An official liquidator under section 176(1) of the Companies Act may resign only on due cause shown, because the provision links resignation and removal to the same judicial control. On the facts, due cause was established where the liquidator had to conduct the winding up without funds, incur expenses personally, and had no realistic prospect of recovering costs from the unavailable petitioner. In those circumstances, compelling continued service was unjust and impracticable, so the resignation was to be accepted and the refusal set aside. en-us Thu, 16 Jul 1942 00:00:00 +0530 Wed, 11 Jan 2012 18:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96884 An official liquidator under section 176(1) of the Companies Act may resign only on due cause shown, because the provision links resignation and removal to the same judicial control. On the facts, due cause was established where the liquidator had to conduct the winding up without funds, incur expenses personally, and had no realistic prospect of recovering costs from the unavailable petitioner. In those circumstances, compelling continued service was unjust and impracticable, so the resignation was to be accepted and the refusal set aside. Case-Laws Companies Law Thu, 16 Jul 1942 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96884