https://www.taxtmi.com/caselaws?id=103475 On restoration of the winding up order, winding up was treated as having commenced from the date of presentation of the petition, so the statutory consequences under the Companies Act applied from that date. After commencement of winding up, no suit or proceeding could continue against the company without leave of the company court, and any sale of company property effected after that stage without such leave was void. As no leave had been sought for the sale in question, the request to vacate the earlier order and permit remittance of pro rata secured creditors' shares from the sale proceeds could not be granted on the record before the court. en-us Thu, 15 Jul 1993 00:00:00 +0530 Thu, 23 Feb 2012 10:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103475 On restoration of the winding up order, winding up was treated as having commenced from the date of presentation of the petition, so the statutory consequences under the Companies Act applied from that date. After commencement of winding up, no suit or proceeding could continue against the company without leave of the company court, and any sale of company property effected after that stage without such leave was void. As no leave had been sought for the sale in question, the request to vacate the earlier order and permit remittance of pro rata secured creditors' shares from the sale proceeds could not be granted on the record before the court. Case-Laws Companies Law Thu, 15 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103475