https://www.taxtmi.com/caselaws?id=276642 The appeal challenged the recall of a winding-up order against a company, which was revived after the repeal of the Sick Industrial Companies (Special Provisions) Act, 1985. The State Bank, a secured creditor, raised concerns about lack of creditor involvement and alleged propping up of a friendly creditor. The judgment emphasized the discretion of the company judge in winding up a company and directed the petitioning-creditor to publish fresh advertisements for creditor participation. The appeals were disposed of without costs, stressing the significance of proper procedures and creditor engagement in winding-up cases. en-us Thu, 19 Jul 2018 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276642 The appeal challenged the recall of a winding-up order against a company, which was revived after the repeal of the Sick Industrial Companies (Special Provisions) Act, 1985. The State Bank, a secured creditor, raised concerns about lack of creditor involvement and alleged propping up of a friendly creditor. The judgment emphasized the discretion of the company judge in winding up a company and directed the petitioning-creditor to publish fresh advertisements for creditor participation. The appeals were disposed of without costs, stressing the significance of proper procedures and creditor engagement in winding-up cases. Case-Laws Companies Law Thu, 19 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276642