https://www.taxtmi.com/caselaws?id=218231 A winding up order was recalled after the outstanding claims of creditors and workers were settled, the necessary drafts were produced, and the Official Liquidator raised no objection. With no surviving basis to continue liquidation, the company petition was then permitted to be withdrawn and disposed of as settled. The Court noted that commercial and monetary disputes may be settled at any stage and preserved liberty for any person with a subsisting claim to proceed in accordance with law. The winding up proceedings were brought to an end, the Official Liquidator was discharged, and the company's properties were directed to be handed back in accordance with law after compliance with specified expenses. en-us Mon, 08 Oct 2012 00:00:00 +0530 Fri, 19 Oct 2012 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218231 A winding up order was recalled after the outstanding claims of creditors and workers were settled, the necessary drafts were produced, and the Official Liquidator raised no objection. With no surviving basis to continue liquidation, the company petition was then permitted to be withdrawn and disposed of as settled. The Court noted that commercial and monetary disputes may be settled at any stage and preserved liberty for any person with a subsisting claim to proceed in accordance with law. The winding up proceedings were brought to an end, the Official Liquidator was discharged, and the company's properties were directed to be handed back in accordance with law after compliance with specified expenses. Case-Laws Companies Law Mon, 08 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218231