https://www.taxtmi.com/caselaws?id=100240 Leave under section 446 of the Companies Act, 1956 to continue or prosecute proceedings against a company in liquidation extends to execution of the resulting decree. Section 537, which addresses attachments, distress and execution relating to antecedent transactions, does not require separate leave where the suit was already permitted under section 446; execution is treated as a continuation of that suit. Administration of liquidation assets is conducted through the liquidator and, where constituted, a committee of inspection. Without such a committee or a proper application to appoint one, an individual creditor has no direct right to intervene in asset-administration matters. en-us Thu, 23 Sep 1982 00:00:00 +0530 Tue, 31 Jan 2012 16:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100240 Leave under section 446 of the Companies Act, 1956 to continue or prosecute proceedings against a company in liquidation extends to execution of the resulting decree. Section 537, which addresses attachments, distress and execution relating to antecedent transactions, does not require separate leave where the suit was already permitted under section 446; execution is treated as a continuation of that suit. Administration of liquidation assets is conducted through the liquidator and, where constituted, a committee of inspection. Without such a committee or a proper application to appoint one, an individual creditor has no direct right to intervene in asset-administration matters. Case-Laws Companies Law Thu, 23 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100240