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    <title>1966 (11) TMI 47 - IN THE CHANCERY DIVISION</title>
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    <description>Where members&#039; meeting nominates a liquidator and no creditors&#039; meeting has been held, the nominated person may be treated as the liquidator for purposes of locus standi. The provisions were construed together, and the statutory references to appointment and nomination were read as interchangeable in this context. The absence of any specific mechanism addressing a case where members and creditors nominate the same person supported that reading, and the fact that creditors had not taken steps to displace the members&#039; nomination left the nomination effective until the creditors acted to the contrary.</description>
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    <pubDate>Tue, 15 Nov 1966 00:00:00 +0530</pubDate>
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      <title>1966 (11) TMI 47 - IN THE CHANCERY DIVISION</title>
      <link>https://www.taxtmi.com/caselaws?id=98363</link>
      <description>Where members&#039; meeting nominates a liquidator and no creditors&#039; meeting has been held, the nominated person may be treated as the liquidator for purposes of locus standi. The provisions were construed together, and the statutory references to appointment and nomination were read as interchangeable in this context. The absence of any specific mechanism addressing a case where members and creditors nominate the same person supported that reading, and the fact that creditors had not taken steps to displace the members&#039; nomination left the nomination effective until the creditors acted to the contrary.</description>
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      <pubDate>Tue, 15 Nov 1966 00:00:00 +0530</pubDate>
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