https://www.taxtmi.com/caselaws?id=108371 Where a sick company has been referred for final winding up under the statutory referral power, individual creditor company petitions under section 433(e) read with section 434 duplicate the pending process and are to be declined; creditors must submit and prove claims before the Official Liquidator in the winding-up proceedings, and relief, if any, is to be obtained through that adjudication. The operative effect is that separate company petitions by individual creditors are unnecessary and will not be entertained while the referral-triggered winding up is pending. en-us Wed, 22 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 12:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108371 Where a sick company has been referred for final winding up under the statutory referral power, individual creditor company petitions under section 433(e) read with section 434 duplicate the pending process and are to be declined; creditors must submit and prove claims before the Official Liquidator in the winding-up proceedings, and relief, if any, is to be obtained through that adjudication. The operative effect is that separate company petitions by individual creditors are unnecessary and will not be entertained while the referral-triggered winding up is pending. Case-Laws Companies Law Wed, 22 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108371