https://www.taxtmi.com/caselaws?id=114041 The court concluded that the scheme proposed by the ex-promoters of Mardia Steel Ltd. was not just, fair, or proper. It appeared to be an attempt to transfer the company's assets to close relatives of the promoters without adequate provisions for discharging liabilities. The court dismissed all three petitions and directed the official liquidator to proceed with the disposal of the company's assets. en-us Mon, 02 Feb 2009 00:00:00 +0530 Tue, 18 Nov 2014 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114041 The court concluded that the scheme proposed by the ex-promoters of Mardia Steel Ltd. was not just, fair, or proper. It appeared to be an attempt to transfer the company's assets to close relatives of the promoters without adequate provisions for discharging liabilities. The court dismissed all three petitions and directed the official liquidator to proceed with the disposal of the company's assets. Case-Laws Companies Law Mon, 02 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114041