https://www.taxtmi.com/caselaws?id=112639 The Division Bench upheld the appointment of the Official Liquidator as provisional liquidator in Company Petition Nos. 232 of 1998 and 186 of 1997, indicating a prima facie case for liquidation. The Court stressed the importance of complying with Companies Act, section 450, for such appointments and the necessity for a clear rationale. The appeals were allowed, setting aside the orders for appointment and remitting the matters for individual merit-based consideration, emphasizing the need for compliance with legal provisions and proper consideration of circumstances in appointing provisional liquidators in company petitions. en-us Tue, 11 Aug 2009 00:00:00 +0530 Mon, 03 Nov 2014 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112639 The Division Bench upheld the appointment of the Official Liquidator as provisional liquidator in Company Petition Nos. 232 of 1998 and 186 of 1997, indicating a prima facie case for liquidation. The Court stressed the importance of complying with Companies Act, section 450, for such appointments and the necessity for a clear rationale. The appeals were allowed, setting aside the orders for appointment and remitting the matters for individual merit-based consideration, emphasizing the need for compliance with legal provisions and proper consideration of circumstances in appointing provisional liquidators in company petitions. Case-Laws Companies Law Tue, 11 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112639