https://www.taxtmi.com/caselaws?id=211554 The court allowed the application, declaring the payments made under the memorandum of understanding, escrow agreement, and supply agreement as valid. The agreements aimed to facilitate the resumption of supply to the respondent company, benefiting creditors, shareholders, and the public. The court emphasized protecting bona fide dispositions during winding up proceedings to avoid business paralysis and ensure creditor interests. The judgment highlighted the court's role in interpreting and applying Section 536(2) of the Companies Act, 1956, to safeguard the interests of all stakeholders involved. en-us Fri, 30 Jul 2010 00:00:00 +0530 Thu, 07 Feb 2013 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211554 The court allowed the application, declaring the payments made under the memorandum of understanding, escrow agreement, and supply agreement as valid. The agreements aimed to facilitate the resumption of supply to the respondent company, benefiting creditors, shareholders, and the public. The court emphasized protecting bona fide dispositions during winding up proceedings to avoid business paralysis and ensure creditor interests. The judgment highlighted the court's role in interpreting and applying Section 536(2) of the Companies Act, 1956, to safeguard the interests of all stakeholders involved. Case-Laws Companies Law Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211554