Friday 13 February 2015

Non-payment of security expenses to liquidator and making bogus claim amounted to contempt of Court

CL: Where while recalling order of winding up at instance of respondents, Court had directed respondents to pay charges for security of assets of respondent company by way of reimbursement to official liquidator, respondents by not reimbursing expenses were in palpable non-compliance and consequent compounded contempt of order of Court


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