https://www.taxtmi.com/caselaws?id=104205 The court granted leave for the applicants to take out a Judge's Summons under rule 19(3) of the Company Court Rules, 1959. The applicant, a partnership firm, asserted their right over factory premises, emphasizing their ownership through conveyance, mortgage, and licenses. Allegations of asset siphoning by Jain group directors led to an order for the removal of seals, inventory of goods, and submission of a statement of affairs. The applicant provided an undertaking not to dispose of assets without court approval. The judgment specified further directives for handling third-party fabrics and security measures, with the Official Liquidator overseeing the process. en-us Tue, 03 Aug 1999 00:00:00 +0530 Tue, 28 Feb 2012 12:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104205 The court granted leave for the applicants to take out a Judge's Summons under rule 19(3) of the Company Court Rules, 1959. The applicant, a partnership firm, asserted their right over factory premises, emphasizing their ownership through conveyance, mortgage, and licenses. Allegations of asset siphoning by Jain group directors led to an order for the removal of seals, inventory of goods, and submission of a statement of affairs. The applicant provided an undertaking not to dispose of assets without court approval. The judgment specified further directives for handling third-party fabrics and security measures, with the Official Liquidator overseeing the process. Case-Laws Companies Law Tue, 03 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104205