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    <title>1975 (4) TMI 60 - Supreme Court</title>
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    <description>In winding-up proceedings, section 195 of the Indian Companies Act, 1913 permits the court to summon persons likely to provide information about the company&#039;s trade, dealings, affairs or property. The court may exercise this discretion where the materials show that the persons summoned can give relevant evidence, and that discretion will not be disturbed unless arbitrary or capricious. The scope of examination and the questions to be asked remain under the control of the winding-up court, which must confine the enquiry to what is necessary for the winding up and avoid oppressive use of the power. The application was maintainable, and the court was not required to settle the questions in advance of examination.</description>
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    <pubDate>Mon, 28 Apr 1975 00:00:00 +0530</pubDate>
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      <title>1975 (4) TMI 60 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=99229</link>
      <description>In winding-up proceedings, section 195 of the Indian Companies Act, 1913 permits the court to summon persons likely to provide information about the company&#039;s trade, dealings, affairs or property. The court may exercise this discretion where the materials show that the persons summoned can give relevant evidence, and that discretion will not be disturbed unless arbitrary or capricious. The scope of examination and the questions to be asked remain under the control of the winding-up court, which must confine the enquiry to what is necessary for the winding up and avoid oppressive use of the power. The application was maintainable, and the court was not required to settle the questions in advance of examination.</description>
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      <pubDate>Mon, 28 Apr 1975 00:00:00 +0530</pubDate>
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