https://www.taxtmi.com/caselaws?id=111532 Subsequent settlement of secured creditors' dues and other material post-order developments justified recall of the winding up order, because the company's financial position had materially changed after the original finding of non-viability. Once the secured debts were discharged, the question of revival required fresh consideration by the specialised rehabilitation forum rather than a final judicial closure. The reference was therefore rejected and the matter remitted for reconsideration of rehabilitation on the basis of a new proposal. en-us Fri, 20 Jan 2006 00:00:00 +0530 Mon, 23 Apr 2012 18:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111532 Subsequent settlement of secured creditors' dues and other material post-order developments justified recall of the winding up order, because the company's financial position had materially changed after the original finding of non-viability. Once the secured debts were discharged, the question of revival required fresh consideration by the specialised rehabilitation forum rather than a final judicial closure. The reference was therefore rejected and the matter remitted for reconsideration of rehabilitation on the basis of a new proposal. Case-Laws Companies Law Fri, 20 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111532