https://www.taxtmi.com/caselaws?id=106799 A provisional liquidator may be appointed without notice under section 450 of the Companies Act where special reasons exist to preserve company assets pending winding up. The analysis states that a prima facie case for winding up, together with the need for immediate protection of assets, can justify urgent ex parte protective action. It further notes that preservation is especially warranted where the company has allegedly failed to comply with RBI-related regulatory requirements and where depositors' interests and the public interest require protection against dissipation or alienation of assets. en-us Mon, 03 Sep 2001 00:00:00 +0530 Thu, 15 Mar 2012 17:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106799 A provisional liquidator may be appointed without notice under section 450 of the Companies Act where special reasons exist to preserve company assets pending winding up. The analysis states that a prima facie case for winding up, together with the need for immediate protection of assets, can justify urgent ex parte protective action. It further notes that preservation is especially warranted where the company has allegedly failed to comply with RBI-related regulatory requirements and where depositors' interests and the public interest require protection against dissipation or alienation of assets. Case-Laws Companies Law Mon, 03 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106799