https://www.taxtmi.com/caselaws?id=96982 Section 175(2)'s notice requirement is mandatory: a provisional liquidator cannot be appointed without giving notice to the company unless reasons for dispensing with notice are recorded. Appointment of a provisional liquidator demands clear, particularised evidence that lesser remedies would be inadequate and that appointment is necessary to prevent tampering or misappropriation; vague allegations, lack of particulars, delay in producing evidence, or prior unsuccessful litigation undermine the necessity finding. Consequently, orders appointing provisional liquidators made without recorded reasons for dispensing notice or without satisfying the necessity standard should be set aside. en-us Tue, 16 Mar 1948 00:00:00 +0530 Fri, 13 Jan 2012 15:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96982 Section 175(2)'s notice requirement is mandatory: a provisional liquidator cannot be appointed without giving notice to the company unless reasons for dispensing with notice are recorded. Appointment of a provisional liquidator demands clear, particularised evidence that lesser remedies would be inadequate and that appointment is necessary to prevent tampering or misappropriation; vague allegations, lack of particulars, delay in producing evidence, or prior unsuccessful litigation undermine the necessity finding. Consequently, orders appointing provisional liquidators made without recorded reasons for dispensing notice or without satisfying the necessity standard should be set aside. Case-Laws Companies Law Tue, 16 Mar 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96982