1999 (1) TMI 456 - HC - Companies Law

Summary

The High Court of Bombay directed the Official Liquidator to invite quotations from 20 more Chartered Accountants. Secured creditors must provide claim details within two weeks. Expenses for appointing accountants and auditors will be shared by secured creditors based on their debts. Valuation and other expenses to be borne by secured creditors in proportion to their dues.