Wound up plea by a Co. seeking no action against its assets rejected, liquidator free to take steps against Co’s assets

COMPANY LAW : Where application was filed seeking direction that applicant company be deleted from list of companies being treated as part of company against which winding up proceedings were going on, however, applicant failed to place on record evidence that it was taken over by new management, said application was to be dismissed and Official Liquidator would be free to take steps regarding property as per law

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191200/wound-up-plea-by-a-co-seeking-no-action-against-its-assets-rejected-liquidator-free-to-take-steps-against-co’s-assets.aspx