https://www.taxtmi.com/caselaws?id=233509 The court dismissed the appeals and applications, holding that the appellants, as creditors of the transferee company, had no locus standi to intervene in the petition filed by the transferor company under Section 391 of the Companies Act. The court emphasized that the appellants had already been heard in the appropriate forum (Madras High Court) and that there was no violation of principles of natural justice. The court also clarified the scope and applicability of Sections 391 and 392, and upheld the consistent judicial view that creditors of the transferee company cannot intervene in the petition filed by the transferor company. en-us Mon, 07 Jan 2013 00:00:00 +0530 Sat, 04 May 2013 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233509 The court dismissed the appeals and applications, holding that the appellants, as creditors of the transferee company, had no locus standi to intervene in the petition filed by the transferor company under Section 391 of the Companies Act. The court emphasized that the appellants had already been heard in the appropriate forum (Madras High Court) and that there was no violation of principles of natural justice. The court also clarified the scope and applicability of Sections 391 and 392, and upheld the consistent judicial view that creditors of the transferee company cannot intervene in the petition filed by the transferor company. Case-Laws Companies Law Mon, 07 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233509