https://www.taxtmi.com/caselaws?id=108368 Where a creditor filed a company petition under Section 433(e) while the company was declared sick and referred for winding up under the Sick Industrial Companies statutory referral, the correct procedure is collective adjudication of creditor claims in the winding up process; the court will not hear a separate creditor petition as redundant and inconsistent with statutory winding up. The operative effect is that the petition is disposed of and the creditor must submit and prove its claim before the Official Liquidator in the winding up proceedings in accordance with the Companies Act. en-us Wed, 22 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 12:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108368 Where a creditor filed a company petition under Section 433(e) while the company was declared sick and referred for winding up under the Sick Industrial Companies statutory referral, the correct procedure is collective adjudication of creditor claims in the winding up process; the court will not hear a separate creditor petition as redundant and inconsistent with statutory winding up. The operative effect is that the petition is disposed of and the creditor must submit and prove its claim before the Official Liquidator in the winding up proceedings in accordance with the Companies Act. Case-Laws Companies Law Wed, 22 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108368