https://www.taxtmi.com/caselaws?id=99342 The court declined to award costs to the company in a winding-up case due to its conduct characterized by frivolous contentions, delaying tactics, and serious misconduct by company directors. The judge emphasized the financial position of the company, the substantial claims of unsecured creditors, and the potential jeopardy to their recovery if costs were awarded to the company. Personal costs against company officers were considered beyond the court's jurisdiction. Consequently, the application for costs was refused to prevent grave injustice to unsecured creditors. en-us Mon, 16 Feb 1976 00:00:00 +0530 Fri, 27 Jan 2012 10:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99342 The court declined to award costs to the company in a winding-up case due to its conduct characterized by frivolous contentions, delaying tactics, and serious misconduct by company directors. The judge emphasized the financial position of the company, the substantial claims of unsecured creditors, and the potential jeopardy to their recovery if costs were awarded to the company. Personal costs against company officers were considered beyond the court's jurisdiction. Consequently, the application for costs was refused to prevent grave injustice to unsecured creditors. Case-Laws Companies Law Mon, 16 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99342