https://www.taxtmi.com/caselaws?id=294996 The court set aside the order appointing an Official Liquidator under Section 448 of the Companies Act, 1956, as it failed to adhere to the procedures outlined in Section 450. The appellant successfully argued that the appointment was unwarranted due to lack of mismanagement or insolvency complaints. The court emphasized the importance of following due process, including providing an opportunity to be heard before appointing a provisional liquidator. The appeal was allowed, and no costs were awarded. en-us Mon, 30 Sep 2019 00:00:00 +0530 Fri, 14 May 2021 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294996 The court set aside the order appointing an Official Liquidator under Section 448 of the Companies Act, 1956, as it failed to adhere to the procedures outlined in Section 450. The appellant successfully argued that the appointment was unwarranted due to lack of mismanagement or insolvency complaints. The court emphasized the importance of following due process, including providing an opportunity to be heard before appointing a provisional liquidator. The appeal was allowed, and no costs were awarded. Case-Laws Companies Law Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294996