https://www.taxtmi.com/caselaws?id=104141 The Companies (Court) Rules, 1959 require the liquidator to investigate, admit or reject claims, and communicate his decision, while Rule 164 provides an appeal where a creditor's claim is rejected in whole or in part. The Court held that the expression "any person aggrieved by any act or decision of the liquidator" in section 460(6) of the Companies Act, 1956 is broad enough to include a secured creditor affected by quantification of workmen's dues. Because that quantification could alter asset distribution and the amount available to secured creditors, the bank had locus standi to seek review of the liquidator's decision, and the objection to maintainability was rejected. en-us Fri, 26 Mar 1999 00:00:00 +0530 Mon, 27 Feb 2012 18:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104141 The Companies (Court) Rules, 1959 require the liquidator to investigate, admit or reject claims, and communicate his decision, while Rule 164 provides an appeal where a creditor's claim is rejected in whole or in part. The Court held that the expression "any person aggrieved by any act or decision of the liquidator" in section 460(6) of the Companies Act, 1956 is broad enough to include a secured creditor affected by quantification of workmen's dues. Because that quantification could alter asset distribution and the amount available to secured creditors, the bank had locus standi to seek review of the liquidator's decision, and the objection to maintainability was rejected. Case-Laws Companies Law Fri, 26 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104141