https://www.taxtmi.com/caselaws?id=458828 A winding up order having attained finality, the High Court found no basis to stop the Official Liquidator's complaint alleging non-compliance with section 454(5) and section 454(5A) of the Companies Act before merits were decided. It also held that requiring former directors to bear the cost of advertisements inviting creditor claims was consistent with the legal position following finality of the winding up order. The impugned directions were therefore treated as legally sustainable and no interference was warranted. en-us Fri, 26 Nov 2010 00:00:00 +0530 Mon, 18 Nov 2024 13:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458828 A winding up order having attained finality, the High Court found no basis to stop the Official Liquidator's complaint alleging non-compliance with section 454(5) and section 454(5A) of the Companies Act before merits were decided. It also held that requiring former directors to bear the cost of advertisements inviting creditor claims was consistent with the legal position following finality of the winding up order. The impugned directions were therefore treated as legally sustainable and no interference was warranted. Case-Laws Companies Law Fri, 26 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458828