https://www.taxtmi.com/caselaws?id=97956 The court dismissed the second appeal, upholding the lower courts' decrees in favor of the respondents, the liquidators in the creditors' voluntary winding up of the Industrial Bank Ltd. The objections raised regarding the lack of filing power of attorney or written authority by the liquidators, the proper appointment of liquidators under the Companies Act, 1956, and the absence of sanction for filing the suit were all deemed invalid. The court found no merit in the appellants' contentions and upheld the decisions in favor of the respondents. en-us Mon, 25 Jun 1962 00:00:00 +0530 Wed, 18 Jan 2012 16:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97956 The court dismissed the second appeal, upholding the lower courts' decrees in favor of the respondents, the liquidators in the creditors' voluntary winding up of the Industrial Bank Ltd. The objections raised regarding the lack of filing power of attorney or written authority by the liquidators, the proper appointment of liquidators under the Companies Act, 1956, and the absence of sanction for filing the suit were all deemed invalid. The court found no merit in the appellants' contentions and upheld the decisions in favor of the respondents. Case-Laws Companies Law Mon, 25 Jun 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97956