https://www.taxtmi.com/caselaws?id=111208 The appeal seeking leave to proceed against a company in liquidation under section 446 of the Companies Act, 1956 was dismissed. The appellant was considered an unsecured creditor due to non-registration of charge under section 125 of the Act. The order of attachment obtained before winding-up was deemed invalid. The Court upheld the Company Judge's decision to decline granting leave to recover dues, emphasizing fair treatment of all creditors. The appeal was dismissed without costs, underscoring the importance of equitable distribution of assets in liquidation. en-us Thu, 11 Mar 2004 00:00:00 +0530 Fri, 20 Apr 2012 18:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111208 The appeal seeking leave to proceed against a company in liquidation under section 446 of the Companies Act, 1956 was dismissed. The appellant was considered an unsecured creditor due to non-registration of charge under section 125 of the Act. The order of attachment obtained before winding-up was deemed invalid. The Court upheld the Company Judge's decision to decline granting leave to recover dues, emphasizing fair treatment of all creditors. The appeal was dismissed without costs, underscoring the importance of equitable distribution of assets in liquidation. Case-Laws Companies Law Thu, 11 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111208