https://www.taxtmi.com/caselaws?id=405290 A petition seeking investigation into a company's affairs under the Companies Act was found unnecessary where earlier High Court directions already governed the branch assets, liquidation steps, constitution of a committee, and settlement of creditors through an Advocate Receiver. The Tribunal held that the petitioners were bound by those existing directions and that the Receiver was to proceed accordingly. In that setting, no separate investigative or further operative order was required, and the petition was disposed of by deferring to the prior High Court framework. en-us Fri, 05 Mar 2021 00:00:00 +0530 Tue, 16 Mar 2021 18:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405290 A petition seeking investigation into a company's affairs under the Companies Act was found unnecessary where earlier High Court directions already governed the branch assets, liquidation steps, constitution of a committee, and settlement of creditors through an Advocate Receiver. The Tribunal held that the petitioners were bound by those existing directions and that the Receiver was to proceed accordingly. In that setting, no separate investigative or further operative order was required, and the petition was disposed of by deferring to the prior High Court framework. Case-Laws Companies Law Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405290