https://www.taxtmi.com/caselaws?id=101894 Appointment of a receiver under Order 40 Rule 1 of the Code of Civil Procedure requires a fit lawful appointee to manage property pending suit. A corporate body is not a lawful receiver for management of a vessel. Where the company's articles of association identify a managing director for the relevant managerial role, that individual may be substituted as receiver. The company's appointment was set aside, the managing director was appointed receiver, and the existing directions concerning vessel management and accounts continued. en-us Thu, 23 Mar 1989 00:00:00 +0530 Mon, 13 Feb 2012 10:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101894 Appointment of a receiver under Order 40 Rule 1 of the Code of Civil Procedure requires a fit lawful appointee to manage property pending suit. A corporate body is not a lawful receiver for management of a vessel. Where the company's articles of association identify a managing director for the relevant managerial role, that individual may be substituted as receiver. The company's appointment was set aside, the managing director was appointed receiver, and the existing directions concerning vessel management and accounts continued. Case-Laws Companies Law Thu, 23 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101894