https://www.taxtmi.com/caselaws?id=105309 Section 446(1) requires leave of the company court for continuation of proceedings against a company in liquidation, and that discretion is exercised to protect company assets while avoiding unnecessary delay and expense. Leave may ordinarily be granted where no legal impediment is shown and the merits are to be decided by the proper forum. A bank's recovery proceedings before the Debts Recovery Tribunal were allowed to continue even though they had been initiated before the winding-up order, and execution against the company's assets remained subject to further permission of the company court. en-us Fri, 06 Feb 1998 00:00:00 +0530 Mon, 05 Mar 2012 12:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105309 Section 446(1) requires leave of the company court for continuation of proceedings against a company in liquidation, and that discretion is exercised to protect company assets while avoiding unnecessary delay and expense. Leave may ordinarily be granted where no legal impediment is shown and the merits are to be decided by the proper forum. A bank's recovery proceedings before the Debts Recovery Tribunal were allowed to continue even though they had been initiated before the winding-up order, and execution against the company's assets remained subject to further permission of the company court. Case-Laws Companies Law Fri, 06 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105309