https://www.taxtmi.com/caselaws?id=97534 A shareholder had no independent locus standi to challenge an order in winding up proceedings allowing interest on overdrawn company funds, because that right vested in the official liquidator as the proper representative of the company. Leave obtained on the appellate side without notice to the respondents and not from the company court did not cure the defect. Conversion of the matter into a civil revision petition was also refused, as the court would not invoke revisional jurisdiction at the instance of a shareholder when an appeal lay to the official liquidator. The appeal was held incompetent and not maintainable. en-us Tue, 02 Jul 1957 00:00:00 +0530 Tue, 17 Jan 2012 11:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97534 A shareholder had no independent locus standi to challenge an order in winding up proceedings allowing interest on overdrawn company funds, because that right vested in the official liquidator as the proper representative of the company. Leave obtained on the appellate side without notice to the respondents and not from the company court did not cure the defect. Conversion of the matter into a civil revision petition was also refused, as the court would not invoke revisional jurisdiction at the instance of a shareholder when an appeal lay to the official liquidator. The appeal was held incompetent and not maintainable. Case-Laws Companies Law Tue, 02 Jul 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97534