https://www.taxtmi.com/caselaws?id=104574 The court granted leave for the continuation of suits filed in the City Civil Court, Hyderabad, and High Court of Mumbai before the winding-up order. It allowed the receiver appointed by the High Court of Mumbai to remain in possession of mortgaged assets. Objections regarding the enforcement of personal guarantees were dismissed. The official liquidator was directed to verify claims from workmen/employees and secured creditors. Various conditions were imposed for granting leave under section 446(1) of the Companies Act to protect the interests of all parties involved. The company applications were disposed of without costs. en-us Mon, 23 Feb 1998 00:00:00 +0530 Wed, 29 Feb 2012 16:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104574 The court granted leave for the continuation of suits filed in the City Civil Court, Hyderabad, and High Court of Mumbai before the winding-up order. It allowed the receiver appointed by the High Court of Mumbai to remain in possession of mortgaged assets. Objections regarding the enforcement of personal guarantees were dismissed. The official liquidator was directed to verify claims from workmen/employees and secured creditors. Various conditions were imposed for granting leave under section 446(1) of the Companies Act to protect the interests of all parties involved. The company applications were disposed of without costs. Case-Laws Companies Law Mon, 23 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104574