https://www.taxtmi.com/caselaws?id=102043 On a winding up order, company property vests in the official liquidator's custody and is treated as being in the court's custody. A receiver appointed over that property remains an officer of the appointing court, so proceedings affecting the property ordinarily require that court's leave. The text distinguishes impleadment of the receiver, which may be permitted even without prior leave if leave is later obtained and no prejudice is caused, from continuation of coercive proceedings against property in the receiver's custody, for which prior leave of the appointing court is necessary. The application was allowed to that extent, with leave to be obtained to continue proceedings. en-us Fri, 05 Jul 1991 00:00:00 +0530 Mon, 13 Feb 2012 15:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102043 On a winding up order, company property vests in the official liquidator's custody and is treated as being in the court's custody. A receiver appointed over that property remains an officer of the appointing court, so proceedings affecting the property ordinarily require that court's leave. The text distinguishes impleadment of the receiver, which may be permitted even without prior leave if leave is later obtained and no prejudice is caused, from continuation of coercive proceedings against property in the receiver's custody, for which prior leave of the appointing court is necessary. The application was allowed to that extent, with leave to be obtained to continue proceedings. Case-Laws Companies Law Fri, 05 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102043