https://www.taxtmi.com/caselaws?id=112374 The court affirmed the official liquidator's valid possession of 13 medical equipments, declaring the customs authority's confiscation order void due to its issuance after the provisional liquidator's appointment. It emphasized the necessity for the applicant to seek court leave under section 446 of the Companies Act, 1956, as all proceedings against the company required court permission post the liquidator's appointment. The court prioritized secured creditors' claims over crown debts, directing the applicant's claim to be processed under section 530 of the Companies Act, 1956, ultimately rejecting the application. en-us Thu, 06 Jul 2006 00:00:00 +0530 Fri, 27 Apr 2012 18:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112374 The court affirmed the official liquidator's valid possession of 13 medical equipments, declaring the customs authority's confiscation order void due to its issuance after the provisional liquidator's appointment. It emphasized the necessity for the applicant to seek court leave under section 446 of the Companies Act, 1956, as all proceedings against the company required court permission post the liquidator's appointment. The court prioritized secured creditors' claims over crown debts, directing the applicant's claim to be processed under section 530 of the Companies Act, 1956, ultimately rejecting the application. Case-Laws Companies Law Thu, 06 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112374