https://www.taxtmi.com/caselaws?id=104071 Appointment of a provisional liquidator does not wholly divest the board of directors of authority; the board retains residuary power to take rehabilitation-related steps, including moving the Board for Industrial and Financial Reconstruction. Alleged suppression of facts before the Company Court does not by itself render the registered reference void or non est; the proper remedy lies in seeking recall or other appropriate relief. Once the reference is registered, the statutory bar under the sick-company legislation operates immediately, freezing winding-up proceedings and barring further acts such as steps by the Official Liquidator unless consent is obtained. en-us Tue, 19 Jan 1999 00:00:00 +0530 Mon, 27 Feb 2012 15:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104071 Appointment of a provisional liquidator does not wholly divest the board of directors of authority; the board retains residuary power to take rehabilitation-related steps, including moving the Board for Industrial and Financial Reconstruction. Alleged suppression of facts before the Company Court does not by itself render the registered reference void or non est; the proper remedy lies in seeking recall or other appropriate relief. Once the reference is registered, the statutory bar under the sick-company legislation operates immediately, freezing winding-up proceedings and barring further acts such as steps by the Official Liquidator unless consent is obtained. Case-Laws Companies Law Tue, 19 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104071