<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>1983 (1) TMI 286 - MADRAS HIGH COURT</title>
    <link>https://www.taxtmi.com/caselaws?id=199213</link>
    <description>Interlocutory inventory orders in winding-up proceedings may be appealable where they materially prejudice a company&#039;s business operations, customer relations, credit or reputation; a formal connection with winding-up proceedings alone is insufficient. Section 443(1)(c) permits interim orders when a winding-up petition is heard, including at the admission stage, while the Companies (Court) Rules do not alter that power. Appointment of Court Commissioners to inventory assets and accounts requires adequate hearing and sound, relevant grounds. Vague or stale allegations, articles of association provisions without immediate evidentiary support, and pending proceedings alone do not establish imminent asset dissipation. Because an executed inventory order may be effectively irreversible, discretionary intervention requires particular caution.</description>
    <language>en-us</language>
    <pubDate>Mon, 17 Jan 1983 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 23 Feb 2018 10:25:38 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=510140" rel="self" type="application/rss+xml"/>
    <item>
      <title>1983 (1) TMI 286 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=199213</link>
      <description>Interlocutory inventory orders in winding-up proceedings may be appealable where they materially prejudice a company&#039;s business operations, customer relations, credit or reputation; a formal connection with winding-up proceedings alone is insufficient. Section 443(1)(c) permits interim orders when a winding-up petition is heard, including at the admission stage, while the Companies (Court) Rules do not alter that power. Appointment of Court Commissioners to inventory assets and accounts requires adequate hearing and sound, relevant grounds. Vague or stale allegations, articles of association provisions without immediate evidentiary support, and pending proceedings alone do not establish imminent asset dissipation. Because an executed inventory order may be effectively irreversible, discretionary intervention requires particular caution.</description>
      <category>Case-Laws</category>
      <law>Companies Law</law>
      <pubDate>Mon, 17 Jan 1983 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=199213</guid>
    </item>
  </channel>
</rss>