https://www.taxtmi.com/caselaws?id=244184 A winding-up petition already admitted should ordinarily be advertised under the Companies (Court) Rules, 1959, and deferment is justified only where special circumstances are shown; in the absence of any application for dispensation, advertisement was directed in the prescribed newspapers and the Delhi Gazette. Where the record showed prima facie mismanagement, lack of probity, and loss of confidence in the conduct of the company's affairs, the Court found it proper to appoint the Official Liquidator as provisional liquidator to secure the company's assets and records, and to require compliance with the statutory statement of affairs obligation. en-us Thu, 13 Feb 2014 00:00:00 +0530 Thu, 20 Feb 2014 09:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244184 A winding-up petition already admitted should ordinarily be advertised under the Companies (Court) Rules, 1959, and deferment is justified only where special circumstances are shown; in the absence of any application for dispensation, advertisement was directed in the prescribed newspapers and the Delhi Gazette. Where the record showed prima facie mismanagement, lack of probity, and loss of confidence in the conduct of the company's affairs, the Court found it proper to appoint the Official Liquidator as provisional liquidator to secure the company's assets and records, and to require compliance with the statutory statement of affairs obligation. Case-Laws Companies Law Thu, 13 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244184