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    <title>2003 (3) TMI 536 - HIGH COURT OF MADHYA PRADESH</title>
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    <description>Where a statutory reference to the administrative tribunal under the insolvency regime is pending and a statutory restraint bars the company court from proceeding with winding up, the court may nonetheless permit petitioning creditors to participate in the tribunal&#039;s inquiry to protect their interests, and may reserve their procedural right to file or renew winding up petitions if the reference is dismissed; the tribunal is to dispose of the reference expeditiously and creditors retain the ability to pursue winding up thereafter.</description>
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      <description>Where a statutory reference to the administrative tribunal under the insolvency regime is pending and a statutory restraint bars the company court from proceeding with winding up, the court may nonetheless permit petitioning creditors to participate in the tribunal&#039;s inquiry to protect their interests, and may reserve their procedural right to file or renew winding up petitions if the reference is dismissed; the tribunal is to dispose of the reference expeditiously and creditors retain the ability to pursue winding up thereafter.</description>
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      <pubDate>Tue, 11 Mar 2003 00:00:00 +0530</pubDate>
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