https://www.taxtmi.com/caselaws?id=114058 Section 454(2) of the Companies Act, 1956 operates independently of section 454(1) and may be invoked by the official liquidator against an ex-director or other qualifying person, even if that person was deleted in earlier proceedings under section 454(5). The Karnataka High Court held that such deletion did not bar a fresh request under the enabling provision, provided the person falls within the statutory category. On the record, the respondent's post-winding-up participation, signing of minutes, and correspondence with the official liquidator supplied sufficient material to justify requiring the statement of affairs. en-us Tue, 23 Jun 2009 00:00:00 +0530 Fri, 07 Nov 2014 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114058 Section 454(2) of the Companies Act, 1956 operates independently of section 454(1) and may be invoked by the official liquidator against an ex-director or other qualifying person, even if that person was deleted in earlier proceedings under section 454(5). The Karnataka High Court held that such deletion did not bar a fresh request under the enabling provision, provided the person falls within the statutory category. On the record, the respondent's post-winding-up participation, signing of minutes, and correspondence with the official liquidator supplied sufficient material to justify requiring the statement of affairs. Case-Laws Companies Law Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114058