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    <title>2000 (6) TMI 736 - HIGH COURT OF GUJARAT</title>
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    <description>A provisional liquidator may be appointed before notice where the Court records special reasons from the petition materials, including financial distress, regulatory non-compliance and risk to depositors or assets, and such dispensing with notice is valid under section 450(2). The absence of a separate Judge&#039;s summons under rule 11(b) does not curtail the Court&#039;s substantive power to make the appointment when the prayer is already in the winding-up petition. A technical objection that the petition was signed by the advocate instead of an authorised officer also does not invalidate the order at the notice stage.</description>
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      <title>2000 (6) TMI 736 - HIGH COURT OF GUJARAT</title>
      <link>https://www.taxtmi.com/caselaws?id=104778</link>
      <description>A provisional liquidator may be appointed before notice where the Court records special reasons from the petition materials, including financial distress, regulatory non-compliance and risk to depositors or assets, and such dispensing with notice is valid under section 450(2). The absence of a separate Judge&#039;s summons under rule 11(b) does not curtail the Court&#039;s substantive power to make the appointment when the prayer is already in the winding-up petition. A technical objection that the petition was signed by the advocate instead of an authorised officer also does not invalidate the order at the notice stage.</description>
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