https://www.taxtmi.com/caselaws?id=111278 The Company Petition sought relief under sections 397 and 398 of the Companies Act, 1956, later amending to include winding up due to the company's inability to pay debts. Allegations of misappropriation of funds led to the appointment of an Official Liquidator as Liquidator, with specific directions on asset ownership. The company's financial distress, inability to repay debts, and court orders for asset recovery culminated in the appointment of the Liquidator. Respondents were directed to produce documents for specific flats. The judgment also addressed a previous order restraining property alienation, which was refused. en-us Thu, 21 Jun 2007 00:00:00 +0530 Sat, 21 Apr 2012 16:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111278 The Company Petition sought relief under sections 397 and 398 of the Companies Act, 1956, later amending to include winding up due to the company's inability to pay debts. Allegations of misappropriation of funds led to the appointment of an Official Liquidator as Liquidator, with specific directions on asset ownership. The company's financial distress, inability to repay debts, and court orders for asset recovery culminated in the appointment of the Liquidator. Respondents were directed to produce documents for specific flats. The judgment also addressed a previous order restraining property alienation, which was refused. Case-Laws Companies Law Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111278