https://www.taxtmi.com/caselaws?id=96947 A court supervising winding up may direct the liquidator to prosecute under section 237(1) where investigative materials establish prima facie criminal liability; such direction is within judicial power and may be based on prior investigations without a fresh oral inquiry. Brief or partly ex parte orders need not be set aside if adequate materials exist and interested persons had reasonable opportunity to present their case. The court may weigh creditor and shareholder views and the estate's financial position, but need not withhold prosecution solely because some creditors or shareholders oppose it. en-us Mon, 18 Nov 1946 00:00:00 +0530 Fri, 13 Jan 2012 13:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96947 A court supervising winding up may direct the liquidator to prosecute under section 237(1) where investigative materials establish prima facie criminal liability; such direction is within judicial power and may be based on prior investigations without a fresh oral inquiry. Brief or partly ex parte orders need not be set aside if adequate materials exist and interested persons had reasonable opportunity to present their case. The court may weigh creditor and shareholder views and the estate's financial position, but need not withhold prosecution solely because some creditors or shareholders oppose it. Case-Laws Companies Law Mon, 18 Nov 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96947