https://www.taxtmi.com/caselaws?id=102148 The court rejected the application to impugn the transaction dated February 18, 1987, between Kishco Mills Pvt. Ltd. and Monark Enterprises, finding it valid. The court granted the official liquidator leave to pursue proceedings against ex-directors for alleged preferential payments. Additionally, the court partially granted Company Application No. 136 of 1991, directing the removal of the seal on plot No. 10. Company Application No. 137 of 1991 was dismissed, and the Central Bank of India was ordered to pay Rs. 2,000 towards the petitioners-workmen's litigation costs, with the official liquidator's costs to be covered by the company's assets in liquidation. en-us Wed, 30 Oct 1991 00:00:00 +0530 Mon, 13 Feb 2012 17:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102148 The court rejected the application to impugn the transaction dated February 18, 1987, between Kishco Mills Pvt. Ltd. and Monark Enterprises, finding it valid. The court granted the official liquidator leave to pursue proceedings against ex-directors for alleged preferential payments. Additionally, the court partially granted Company Application No. 136 of 1991, directing the removal of the seal on plot No. 10. Company Application No. 137 of 1991 was dismissed, and the Central Bank of India was ordered to pay Rs. 2,000 towards the petitioners-workmen's litigation costs, with the official liquidator's costs to be covered by the company's assets in liquidation. Case-Laws Companies Law Wed, 30 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102148