https://www.taxtmi.com/caselaws?id=101473 The court dismissed the application to recall the winding up order of the company due to the concealment of the winding up order in the compromise application. The compromise agreement between the parties did not mention the winding up order, rendering subsequent agreements ineffective. The court emphasized that once a winding up order is issued, the company's assets are under the official liquidator's custody, preventing further dealings. The judge concluded that the non-disclosure of the winding up order in the compromise application was crucial, affirming the ineffectiveness of the compromise agreement post the winding up order. en-us Tue, 17 Feb 1987 00:00:00 +0530 Thu, 09 Feb 2012 18:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101473 The court dismissed the application to recall the winding up order of the company due to the concealment of the winding up order in the compromise application. The compromise agreement between the parties did not mention the winding up order, rendering subsequent agreements ineffective. The court emphasized that once a winding up order is issued, the company's assets are under the official liquidator's custody, preventing further dealings. The judge concluded that the non-disclosure of the winding up order in the compromise application was crucial, affirming the ineffectiveness of the compromise agreement post the winding up order. Case-Laws Companies Law Tue, 17 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101473