https://www.taxtmi.com/caselaws?id=103758 Leave may be granted to continue a pending suit against a company in liquidation where the Official Liquidator raises no objection, and the continuation of proceedings is sought under the provision governing suits against such companies. Where the property is already in the hands of a receiver, the statutory restriction relating to appointment of a receiver over assets in the liquidator's hands does not apply, so relief can be confined to steps necessary in relation to the suit properties under the execution-related provision. Appointment of a receiver was declined on that basis, while leave to proceed with the suit and to act in relation to the properties was allowed, subject to the rights of secured creditors and workmen. en-us Thu, 20 Aug 1998 00:00:00 +0530 Fri, 24 Feb 2012 15:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103758 Leave may be granted to continue a pending suit against a company in liquidation where the Official Liquidator raises no objection, and the continuation of proceedings is sought under the provision governing suits against such companies. Where the property is already in the hands of a receiver, the statutory restriction relating to appointment of a receiver over assets in the liquidator's hands does not apply, so relief can be confined to steps necessary in relation to the suit properties under the execution-related provision. Appointment of a receiver was declined on that basis, while leave to proceed with the suit and to act in relation to the properties was allowed, subject to the rights of secured creditors and workmen. Case-Laws Companies Law Thu, 20 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103758