https://www.taxtmi.com/caselaws?id=110420 The Court granted permission to the applicant-company to proceed with the suit before the Delhi High Court, allowing them to pursue a dispute over non-performance of an agreement and the invocation of a bank guarantee against a company in liquidation. Despite the Official Liquidator's suggestion to transfer the suit to the winding up Court, the Court decided to maintain the proceedings in Delhi, considering the convenience and fairness of the original court. The applicant was required to deposit a specified sum with the Official Liquidator for expenses, and any decree obtained in the suit was subject to further court orders to ensure oversight in the context of the winding up order. en-us Wed, 12 May 2004 00:00:00 +0530 Mon, 16 Apr 2012 17:06:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110420 The Court granted permission to the applicant-company to proceed with the suit before the Delhi High Court, allowing them to pursue a dispute over non-performance of an agreement and the invocation of a bank guarantee against a company in liquidation. Despite the Official Liquidator's suggestion to transfer the suit to the winding up Court, the Court decided to maintain the proceedings in Delhi, considering the convenience and fairness of the original court. The applicant was required to deposit a specified sum with the Official Liquidator for expenses, and any decree obtained in the suit was subject to further court orders to ensure oversight in the context of the winding up order. Case-Laws Companies Law Wed, 12 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110420