https://www.taxtmi.com/caselaws?id=293182 A court receiver appointed under Order XL Rule 1(d) CPC with powers of realization, management, protection and preservation may present a winding-up petition where the proceeding is directed to realization of assets due to the estate in his charge. The receiver may also be treated as a creditor for the purposes of the Companies Act winding-up provisions, so a statutory notice under Section 434 is valid even if payment is to be made to an appropriate authority for liquidation of an attached debt. Allegations of mala fides and inability to comply failed because no bona fide dispute to the debt was shown and the income-tax attachment did not defeat the statutory demand. en-us Mon, 14 Dec 1964 00:00:00 +0530 Thu, 28 Jan 2021 11:24:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293182 A court receiver appointed under Order XL Rule 1(d) CPC with powers of realization, management, protection and preservation may present a winding-up petition where the proceeding is directed to realization of assets due to the estate in his charge. The receiver may also be treated as a creditor for the purposes of the Companies Act winding-up provisions, so a statutory notice under Section 434 is valid even if payment is to be made to an appropriate authority for liquidation of an attached debt. Allegations of mala fides and inability to comply failed because no bona fide dispute to the debt was shown and the income-tax attachment did not defeat the statutory demand. Case-Laws Companies Law Mon, 14 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293182