https://www.taxtmi.com/caselaws?id=100661 Leave to sue during winding-up is appropriate where the claimant seeks recovery not only from the company in liquidation but also from directors who stood as guarantors, where respondents have provided security by mortgage or deposit of title deeds, and where the court must account for existing parallel proceedings raising similar legal and factual questions; applying the Companies Act leave principle, the court granted permission to commence and prosecute the suit against the company and the guarantor directors on those grounds. en-us Wed, 09 Feb 1983 00:00:00 +0530 Fri, 03 Feb 2012 17:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100661 Leave to sue during winding-up is appropriate where the claimant seeks recovery not only from the company in liquidation but also from directors who stood as guarantors, where respondents have provided security by mortgage or deposit of title deeds, and where the court must account for existing parallel proceedings raising similar legal and factual questions; applying the Companies Act leave principle, the court granted permission to commence and prosecute the suit against the company and the guarantor directors on those grounds. Case-Laws Companies Law Wed, 09 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100661