https://www.taxtmi.com/caselaws?id=102168 The court held that the Pradeshiya Industries and Investment Corporation (PICUP) must seek leave from the court where the appeal is pending, as per Section 446(4) of the Companies Act, 1956. It was clarified that parties with claims against a company under winding-up must obtain the High Court's permission before initiating legal proceedings. Therefore, the judge dismissed PICUP's application, concluding the matter. en-us Tue, 25 Feb 1992 00:00:00 +0530 Mon, 13 Feb 2012 18:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102168 The court held that the Pradeshiya Industries and Investment Corporation (PICUP) must seek leave from the court where the appeal is pending, as per Section 446(4) of the Companies Act, 1956. It was clarified that parties with claims against a company under winding-up must obtain the High Court's permission before initiating legal proceedings. Therefore, the judge dismissed PICUP's application, concluding the matter. Case-Laws Companies Law Tue, 25 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102168