https://www.taxtmi.com/caselaws?id=104084 The court found the respondent-company and UDI liable to the petitioner-bank for outstanding debt despite an agreement with Sterling. The agreement did not absolve the respondents of their responsibility, and the bank had the right to pursue remedies until payment. The court deemed the petition maintainable, appointed the Official Liquidator as the Provisional Liquidator, and ordered the custody and inventory of the respondents' assets. en-us Wed, 03 Feb 1999 00:00:00 +0530 Mon, 27 Feb 2012 15:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104084 The court found the respondent-company and UDI liable to the petitioner-bank for outstanding debt despite an agreement with Sterling. The agreement did not absolve the respondents of their responsibility, and the bank had the right to pursue remedies until payment. The court deemed the petition maintainable, appointed the Official Liquidator as the Provisional Liquidator, and ordered the custody and inventory of the respondents' assets. Case-Laws Companies Law Wed, 03 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104084