https://www.taxtmi.com/caselaws?id=101893 The court held that legal proceedings could continue against the partnership firm and its partners despite a winding up order against the private limited company. Section 446(1) of the Companies Act, 1956 was interpreted to apply only to the company under winding up. The court approved the receiver's report, ordered the sale of the partnership firm's goods, and outlined the sale process. The plaintiff was directed to cover sale expenses, and the receiver's fee was set at Rs. 5,000. Each party was to bear its own costs. en-us Wed, 22 Feb 1989 00:00:00 +0530 Mon, 13 Feb 2012 10:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101893 The court held that legal proceedings could continue against the partnership firm and its partners despite a winding up order against the private limited company. Section 446(1) of the Companies Act, 1956 was interpreted to apply only to the company under winding up. The court approved the receiver's report, ordered the sale of the partnership firm's goods, and outlined the sale process. The plaintiff was directed to cover sale expenses, and the receiver's fee was set at Rs. 5,000. Each party was to bear its own costs. Case-Laws Companies Law Wed, 22 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101893