https://www.taxtmi.com/caselaws?id=104000 The court dismissed all petitions, ruling that the transfers by Maruti Ltd. were not fraudulent preferences or void under the Companies Act, 1956. The petitioners were not entitled to recover goods or price, rental charges, interest on articles, or future interest at 12% per annum. The court deemed the petitions maintainable despite objections and found no valid legal resolution for winding up based on a board meeting lacking recorded minutes. The official liquidator's claims lacked merit, leading to dismissal with costs of Rs. 5,000 in each case. en-us Fri, 09 Jul 1993 00:00:00 +0530 Mon, 27 Feb 2012 10:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104000 The court dismissed all petitions, ruling that the transfers by Maruti Ltd. were not fraudulent preferences or void under the Companies Act, 1956. The petitioners were not entitled to recover goods or price, rental charges, interest on articles, or future interest at 12% per annum. The court deemed the petitions maintainable despite objections and found no valid legal resolution for winding up based on a board meeting lacking recorded minutes. The official liquidator's claims lacked merit, leading to dismissal with costs of Rs. 5,000 in each case. Case-Laws Companies Law Fri, 09 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104000