https://www.taxtmi.com/caselaws?id=762959 The exemption application was allowed, and the delay in filing the appeal was condoned. The appellants' appeal against the rejection of the release of deposited amounts was dismissed, directing them to file claims with the Official Liquidator. The company was wound up, and the court denied preferential payment to the appellants, requiring them to stand alongside other creditors. The winding-up petition became infructuous, and the application for withdrawal of deposited amounts was deemed non-maintainable. The appellants were instructed to submit their claims to the Official Liquidator for the admitted amounts, with disbursements made per the Companies Act. en-us Mon, 11 Nov 2024 00:00:00 +0530 Wed, 11 Dec 2024 08:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762959 The exemption application was allowed, and the delay in filing the appeal was condoned. The appellants' appeal against the rejection of the release of deposited amounts was dismissed, directing them to file claims with the Official Liquidator. The company was wound up, and the court denied preferential payment to the appellants, requiring them to stand alongside other creditors. The winding-up petition became infructuous, and the application for withdrawal of deposited amounts was deemed non-maintainable. The appellants were instructed to submit their claims to the Official Liquidator for the admitted amounts, with disbursements made per the Companies Act. Case-Laws Companies Law Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762959