https://www.taxtmi.com/caselaws?id=99465 Proceedings continued after a winding-up order without leave under section 446 of the Companies Act, 1956 are subject to a statutory stay but are not automatically void from inception. Such an order may be avoided by the official liquidator and is not binding if challenged, unlike executions expressly rendered void under section 537. A proved hire-purchase arrangement supports recovery of the principal instalments and release of the vehicle to the company in liquidation. Incidental charges and future interest require reliable supporting evidence and cannot be recovered where the agreement and proof of those items are unavailable. en-us Tue, 07 Dec 1976 00:00:00 +0530 Fri, 27 Jan 2012 13:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99465 Proceedings continued after a winding-up order without leave under section 446 of the Companies Act, 1956 are subject to a statutory stay but are not automatically void from inception. Such an order may be avoided by the official liquidator and is not binding if challenged, unlike executions expressly rendered void under section 537. A proved hire-purchase arrangement supports recovery of the principal instalments and release of the vehicle to the company in liquidation. Incidental charges and future interest require reliable supporting evidence and cannot be recovered where the agreement and proof of those items are unavailable. Case-Laws Companies Law Tue, 07 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99465