https://www.taxtmi.com/caselaws?id=288126 Section 221 of the Indian Contract Act applies to necessary disbursements by a possessor and creates a lien for expenditures incurred both before and after a winding-up order; the winding-up order does not extinguish or impair the right to remain in possession under that lien. Section 149 of the Companies Act does not authorise depriving a secured creditor of possession of security. The matter is remitted to the lower court to determine the sums properly allowable and the property subject to the lien, with liberty to admit fresh evidence. en-us Sun, 13 Oct 1907 00:00:00 +0530 Thu, 21 May 2020 10:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288126 Section 221 of the Indian Contract Act applies to necessary disbursements by a possessor and creates a lien for expenditures incurred both before and after a winding-up order; the winding-up order does not extinguish or impair the right to remain in possession under that lien. Section 149 of the Companies Act does not authorise depriving a secured creditor of possession of security. The matter is remitted to the lower court to determine the sums properly allowable and the property subject to the lien, with liberty to admit fresh evidence. Case-Laws Companies Law Sun, 13 Oct 1907 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288126