https://www.taxtmi.com/caselaws?id=97879 The court dismissed the applicant's claim for remuneration to the Presingu family, as the resolution lacked clarity on beneficiaries and the Companies Act did not allow remuneration to individuals outside specific categories. Additionally, the court rejected disputed profits claims of Rs. 16,000 and Rs. 12,000 due to lack of evidence and objections raised by the applicant. The official liquidator's decision to reject all claims was upheld, and the applicant was ordered to bear the costs incurred by the auction purchaser. en-us Fri, 28 Jul 1961 00:00:00 +0530 Wed, 18 Jan 2012 14:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97879 The court dismissed the applicant's claim for remuneration to the Presingu family, as the resolution lacked clarity on beneficiaries and the Companies Act did not allow remuneration to individuals outside specific categories. Additionally, the court rejected disputed profits claims of Rs. 16,000 and Rs. 12,000 due to lack of evidence and objections raised by the applicant. The official liquidator's decision to reject all claims was upheld, and the applicant was ordered to bear the costs incurred by the auction purchaser. Case-Laws Companies Law Fri, 28 Jul 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97879