https://www.taxtmi.com/caselaws?id=99552 In winding-up proceedings, a dispute over whether an admitted debt is secured or preferential cannot be finally determined on a limited appeal under rule 164 of the Companies (Court) Rules, 1959 when the existing record is inadequate. Questions of priority arising in liquidation fall within the company court's jurisdiction under section 446(2) of the Companies Act, 1956. The claim's quantified amount remained proved before the official liquidator, but its ranking was left open. The creditor was granted liberty to approach the company court under section 446(2) for determination of preferential status, subject to any resulting alteration of priority. en-us Thu, 05 Jan 1978 00:00:00 +0530 Fri, 27 Jan 2012 17:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99552 In winding-up proceedings, a dispute over whether an admitted debt is secured or preferential cannot be finally determined on a limited appeal under rule 164 of the Companies (Court) Rules, 1959 when the existing record is inadequate. Questions of priority arising in liquidation fall within the company court's jurisdiction under section 446(2) of the Companies Act, 1956. The claim's quantified amount remained proved before the official liquidator, but its ranking was left open. The creditor was granted liberty to approach the company court under section 446(2) for determination of preferential status, subject to any resulting alteration of priority. Case-Laws Companies Law Thu, 05 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99552