1998 (8) TMI 452 - HC - Companies Law

Summary

The High Court of Bombay allowed the application under sections 446 and 537 of the Companies Act, 1956, for continuing a suit against Kanakdhara Steel Ltd. in liquidation. The appointment of a receiver was not granted as there was already one appointed. The application was disposed of, subject to the rights of other secured creditors and workmen. (1998 (8) TMI 452 - High Court of Bombay)