https://www.taxtmi.com/caselaws?id=110267 The Court acknowledged the current management's efforts in reviving the company but emphasized the need to legitimize their status. The judgment allowed the current Directors to function as the Committee of Management for six months under Joint Special Officers' oversight. The Company Judge was tasked with verifying the Directors' status and reconsidering a permanent stay of the winding-up proceedings. The order set aside the Official Liquidator's directive to assume full charge, permitting the current management to continue subject to specific conditions. en-us Thu, 18 Nov 2004 00:00:00 +0530 Mon, 16 Apr 2012 10:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110267 The Court acknowledged the current management's efforts in reviving the company but emphasized the need to legitimize their status. The judgment allowed the current Directors to function as the Committee of Management for six months under Joint Special Officers' oversight. The Company Judge was tasked with verifying the Directors' status and reconsidering a permanent stay of the winding-up proceedings. The order set aside the Official Liquidator's directive to assume full charge, permitting the current management to continue subject to specific conditions. Case-Laws Companies Law Thu, 18 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110267