https://www.taxtmi.com/caselaws?id=105961 The court granted the appointment of a receiver sought by ICICI in Suit No. 3636 of 1999, despite contestation due to potential adverse effects on the company. ICICI's submission against appointing a Liquidator was accepted, emphasizing the company's revival plans and the need to avoid hindering these efforts. The court noted ICICI's contradictory stance on secured and unsecured creditors, finding their argument unjustified. The judges' summons were made absolute in favor of the petitioners, directing the continuation of the injunction until the Liquidator takes possession, with a rejection of the stay request. en-us Tue, 25 Jan 2000 00:00:00 +0530 Mon, 12 Mar 2012 11:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105961 The court granted the appointment of a receiver sought by ICICI in Suit No. 3636 of 1999, despite contestation due to potential adverse effects on the company. ICICI's submission against appointing a Liquidator was accepted, emphasizing the company's revival plans and the need to avoid hindering these efforts. The court noted ICICI's contradictory stance on secured and unsecured creditors, finding their argument unjustified. The judges' summons were made absolute in favor of the petitioners, directing the continuation of the injunction until the Liquidator takes possession, with a rejection of the stay request. Case-Laws Companies Law Tue, 25 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105961