https://www.taxtmi.com/caselaws?id=101428 Appointment of a provisional liquidator is a drastic interlocutory measure and should be ordered only in special circumstances where it is shown to be absolutely necessary; mere allegations of mismanagement or loss of substratum are insufficient, especially where the dispute is seriously contested or the company is attempting revival. On the facts, the prayer for provisional liquidation was rejected. The company and its management were nevertheless directed to furnish accounts, disclose assets and liabilities, and not alienate company assets pending further orders. en-us Tue, 17 Dec 1985 00:00:00 +0530 Thu, 09 Feb 2012 17:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101428 Appointment of a provisional liquidator is a drastic interlocutory measure and should be ordered only in special circumstances where it is shown to be absolutely necessary; mere allegations of mismanagement or loss of substratum are insufficient, especially where the dispute is seriously contested or the company is attempting revival. On the facts, the prayer for provisional liquidation was rejected. The company and its management were nevertheless directed to furnish accounts, disclose assets and liabilities, and not alienate company assets pending further orders. Case-Laws Companies Law Tue, 17 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101428