https://www.taxtmi.com/caselaws?id=100260 A citation for winding up was refused pending detailed examination because disputed account figures and no admitted undisputed liability precluded a prima facie finding of inability to pay; the order directing citation is set aside and the matter remitted to the learned single judge for fresh consideration of available and any further material. The provisional liquidator remains appointed but his powers are curtailed to avoid crippling the company: premises to remain in court custody but need not be sealed for use on director undertakings; books and assets to be inventoried and sealed; recoveries to be pursued; alienation restrained; quarterly accounts required. en-us Fri, 26 Nov 1982 00:00:00 +0530 Tue, 31 Jan 2012 17:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100260 A citation for winding up was refused pending detailed examination because disputed account figures and no admitted undisputed liability precluded a prima facie finding of inability to pay; the order directing citation is set aside and the matter remitted to the learned single judge for fresh consideration of available and any further material. The provisional liquidator remains appointed but his powers are curtailed to avoid crippling the company: premises to remain in court custody but need not be sealed for use on director undertakings; books and assets to be inventoried and sealed; recoveries to be pursued; alienation restrained; quarterly accounts required. Case-Laws Companies Law Fri, 26 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100260