https://www.taxtmi.com/caselaws?id=288114 The Letters Patent Appeal was allowed, setting aside the judgment and decree of the single Judge. The appellant was deemed a secured creditor due to the deposit of moneys in Court before the winding-up order. As a secured creditor, the scheme of arrangement was not binding on the appellant. The winding-up order canceled the scheme of arrangement, and the judgment-creditor's rights were not governed by it post-order. The judgment-creditor was entitled to the deposited moneys, with interest, and the respondent-company was directed to cover the judgment-creditor's costs. en-us Tue, 06 Nov 1973 00:00:00 +0530 Wed, 20 May 2020 18:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288114 The Letters Patent Appeal was allowed, setting aside the judgment and decree of the single Judge. The appellant was deemed a secured creditor due to the deposit of moneys in Court before the winding-up order. As a secured creditor, the scheme of arrangement was not binding on the appellant. The winding-up order canceled the scheme of arrangement, and the judgment-creditor's rights were not governed by it post-order. The judgment-creditor was entitled to the deposited moneys, with interest, and the respondent-company was directed to cover the judgment-creditor's costs. Case-Laws Companies Law Tue, 06 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288114