https://www.taxtmi.com/caselaws?id=330787 In liquidation proceedings, the Court deferred any final direction on distribution of the residuary amount and remaining claims because further verification was required. It noted that some payments had already been permitted, but the balance entitlement depended on the Official Liquidator's records and the Chartered Accountant's verification. The Court therefore directed the Official Liquidator to file a further report within eight weeks so that the claims and any prayer for payment to shareholders could be considered after compliance with the applicable rules. en-us Mon, 18 Jul 2016 00:00:00 +0530 Fri, 05 Aug 2016 17:25:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330787 In liquidation proceedings, the Court deferred any final direction on distribution of the residuary amount and remaining claims because further verification was required. It noted that some payments had already been permitted, but the balance entitlement depended on the Official Liquidator's records and the Chartered Accountant's verification. The Court therefore directed the Official Liquidator to file a further report within eight weeks so that the claims and any prayer for payment to shareholders could be considered after compliance with the applicable rules. Case-Laws Companies Law Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330787