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    <title>2003 (2) TMI 342 - HIGH COURT OF MADRAS</title>
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    <description>Once a winding-up petition is presented, legal proceedings continued against the company after the winding-up order without leave of the company court, including arbitration-related execution, are void and unenforceable against the company in liquidation. The award itself was not disturbed on merits, but post-award enforcement could not proceed because section 446(1) of the Companies Act, 1956 requires leave for such proceedings and the official liquidator is entitled to take charge of the assets. A third party&#039;s challenge was not governed by section 34(3) of the Arbitration and Conciliation Act, 1996, because it was not a party-arbitration challenge but one based on the company court&#039;s jurisdiction.</description>
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    <pubDate>Tue, 18 Feb 2003 00:00:00 +0530</pubDate>
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      <title>2003 (2) TMI 342 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=108433</link>
      <description>Once a winding-up petition is presented, legal proceedings continued against the company after the winding-up order without leave of the company court, including arbitration-related execution, are void and unenforceable against the company in liquidation. The award itself was not disturbed on merits, but post-award enforcement could not proceed because section 446(1) of the Companies Act, 1956 requires leave for such proceedings and the official liquidator is entitled to take charge of the assets. A third party&#039;s challenge was not governed by section 34(3) of the Arbitration and Conciliation Act, 1996, because it was not a party-arbitration challenge but one based on the company court&#039;s jurisdiction.</description>
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      <pubDate>Tue, 18 Feb 2003 00:00:00 +0530</pubDate>
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