https://www.taxtmi.com/caselaws?id=390667 The Court found that despite the winding-up order, the Company operated as a going concern under Court-appointed management committees. The compensation amount was deemed subject to Court oversight due to the Company's custodia legis status. Allegations of mismanagement and oppression were referred for investigation by a newly appointed Committee of Management. Creditors' and workers' claims were to be quantified and prioritized by the Committee. A forensic audit was ordered, and the Court maintained supervision over the Company. The judgment focused on transparency, accountability, and equitable treatment of stakeholders. en-us Wed, 04 Dec 2019 00:00:00 +0530 Thu, 09 Jan 2020 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390667 The Court found that despite the winding-up order, the Company operated as a going concern under Court-appointed management committees. The compensation amount was deemed subject to Court oversight due to the Company's custodia legis status. Allegations of mismanagement and oppression were referred for investigation by a newly appointed Committee of Management. Creditors' and workers' claims were to be quantified and prioritized by the Committee. A forensic audit was ordered, and the Court maintained supervision over the Company. The judgment focused on transparency, accountability, and equitable treatment of stakeholders. Case-Laws Companies Law Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390667