https://www.taxtmi.com/caselaws?id=108910 The High Court of Jammu and Kashmir granted leave to the State Bank of India to pursue a suit against a company, emphasizing that proceedings initiated without court's leave are initially ineffective but can be validated retroactively. The court clarified that any decree passed would be executed as per the Company Judge's directions, with utilization of awarded amounts subject to court's approval post-decision. This decision highlights the importance of obtaining court's leave before commencing legal proceedings against a company post a winding-up order, ensuring compliance with the Companies Act, 1956 and facilitating effective resolution of disputes in such contexts. en-us Fri, 06 Jul 2001 00:00:00 +0530 Wed, 04 Apr 2012 15:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108910 The High Court of Jammu and Kashmir granted leave to the State Bank of India to pursue a suit against a company, emphasizing that proceedings initiated without court's leave are initially ineffective but can be validated retroactively. The court clarified that any decree passed would be executed as per the Company Judge's directions, with utilization of awarded amounts subject to court's approval post-decision. This decision highlights the importance of obtaining court's leave before commencing legal proceedings against a company post a winding-up order, ensuring compliance with the Companies Act, 1956 and facilitating effective resolution of disputes in such contexts. Case-Laws Companies Law Fri, 06 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108910