https://www.taxtmi.com/caselaws?id=97894 Whether foreign creditors may prove claims in an Indian winding up of a foreign-incorporated company wound up as an unregistered company was resolved by applying Part IX and related winding-up provisions of the Indian Companies Act, 1913: the statutory scheme makes no residence-based distinction, allows local proceedings to deal with assets within jurisdiction, admits all debts to proof and mandates pari passu distribution; consequently foreign creditors are entitled to prove their claims in the Indian proceedings and the appeal was dismissed. en-us Mon, 06 Nov 1961 00:00:00 +0530 Wed, 08 Jul 2015 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97894 Whether foreign creditors may prove claims in an Indian winding up of a foreign-incorporated company wound up as an unregistered company was resolved by applying Part IX and related winding-up provisions of the Indian Companies Act, 1913: the statutory scheme makes no residence-based distinction, allows local proceedings to deal with assets within jurisdiction, admits all debts to proof and mandates pari passu distribution; consequently foreign creditors are entitled to prove their claims in the Indian proceedings and the appeal was dismissed. Case-Laws Companies Law Mon, 06 Nov 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97894