https://www.taxtmi.com/caselaws?id=280962 The Court appointed a Provisional Liquidator for M/s. JVG Finance Limited and related companies. Following an investigation, the Court attached personal properties of the ex-Director and associates under Section 542 of the Companies Act to protect creditors. Properties purchased with company funds were attached, loans fraudulently squared off were deemed due, and bank accounts and personal assets of involved individuals were attached. The Court directed protection of company interests in a property and attachment of purchased jewellery. Parties were ordered to maintain status quo on assets and accounts pending further hearing. en-us Mon, 30 Apr 2012 00:00:00 +0530 Tue, 28 May 2019 17:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280962 The Court appointed a Provisional Liquidator for M/s. JVG Finance Limited and related companies. Following an investigation, the Court attached personal properties of the ex-Director and associates under Section 542 of the Companies Act to protect creditors. Properties purchased with company funds were attached, loans fraudulently squared off were deemed due, and bank accounts and personal assets of involved individuals were attached. The Court directed protection of company interests in a property and attachment of purchased jewellery. Parties were ordered to maintain status quo on assets and accounts pending further hearing. Case-Laws Companies Law Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280962