https://www.taxtmi.com/caselaws?id=113071 The High Court of Rajasthan allowed the application under section 457(1) of the Companies Act, 1956 by the Official Liquidator of M/s. Deep Special Steels Limited in Provisional Liquidation. The Official Liquidator was granted powers, with court sanction, to settle the list of contributories, file creditor proofs, conduct legal proceedings, sell company assets, raise funds against assets, and perform necessary actions for winding up affairs and asset distribution. This judgment clarifies the Official Liquidator's authority in the liquidation process, ensuring a structured approach for M/s. Deep Special Steels Limited's winding up. en-us Fri, 11 Feb 2005 00:00:00 +0530 Thu, 03 May 2012 16:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113071 The High Court of Rajasthan allowed the application under section 457(1) of the Companies Act, 1956 by the Official Liquidator of M/s. Deep Special Steels Limited in Provisional Liquidation. The Official Liquidator was granted powers, with court sanction, to settle the list of contributories, file creditor proofs, conduct legal proceedings, sell company assets, raise funds against assets, and perform necessary actions for winding up affairs and asset distribution. This judgment clarifies the Official Liquidator's authority in the liquidation process, ensuring a structured approach for M/s. Deep Special Steels Limited's winding up. Case-Laws Companies Law Fri, 11 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113071