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    <title>1969 (3) TMI 62 - CHANCERY DIVISION</title>
    <link>https://www.taxtmi.com/caselaws?id=98627</link>
    <description>A members&#039; meeting could not validly appoint a liquidator where only one member remained present, unless the governing statute or constitution clearly authorised a single-member meeting; the purported appointment was therefore a nullity. The text also states that, even if the appointment had been effective, the court could remove a liquidator for cause where independence was needed for the proper conduct of the winding up. Because the liquidation involved a serious family dispute and potential investigation into alleged misappropriation, the court favoured an independent office-holder. The stated result was that the challenge succeeded and the liquidation would proceed before an independent liquidator.</description>
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    <pubDate>Mon, 24 Mar 1969 00:00:00 +0530</pubDate>
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      <title>1969 (3) TMI 62 - CHANCERY DIVISION</title>
      <link>https://www.taxtmi.com/caselaws?id=98627</link>
      <description>A members&#039; meeting could not validly appoint a liquidator where only one member remained present, unless the governing statute or constitution clearly authorised a single-member meeting; the purported appointment was therefore a nullity. The text also states that, even if the appointment had been effective, the court could remove a liquidator for cause where independence was needed for the proper conduct of the winding up. Because the liquidation involved a serious family dispute and potential investigation into alleged misappropriation, the court favoured an independent office-holder. The stated result was that the challenge succeeded and the liquidation would proceed before an independent liquidator.</description>
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      <pubDate>Mon, 24 Mar 1969 00:00:00 +0530</pubDate>
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