https://www.taxtmi.com/caselaws?id=101363 The court ruled that the order appointing a receiver under section 403 of the Companies Act, 1956 was appealable under section 483 of the Act. It emphasized the need for strong justifications for appointing a receiver, highlighting the importance of reasons for such appointments to protect the rights of parties involved. Due to the lack of reasons in the impugned order, the court set aside the appointment and remanded the matter for reconsideration by the judge dealing with company matters to assess the necessity of the receiver. en-us Tue, 26 Aug 1986 00:00:00 +0530 Thu, 09 Feb 2012 15:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101363 The court ruled that the order appointing a receiver under section 403 of the Companies Act, 1956 was appealable under section 483 of the Act. It emphasized the need for strong justifications for appointing a receiver, highlighting the importance of reasons for such appointments to protect the rights of parties involved. Due to the lack of reasons in the impugned order, the court set aside the appointment and remanded the matter for reconsideration by the judge dealing with company matters to assess the necessity of the receiver. Case-Laws Companies Law Tue, 26 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101363