Saturday 26 July 2014

HC discharged Liquidator on his failure to advertise winding-up petition of creditor on satisfaction

CL : Where petitioning creditor did not advertise winding up petition on satisfaction of its dues and it was not feasible to substitute another creditor in place of petitioning creditor for want of satisfaction of twin requirement of Rule 101 of Company (Court) Rules, official liquidator was to be discharged


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