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Issues: Admission of application, notice to respondent, agreement on matter being covered by previous order, winding-up order stayed, appointment of Official Liquidator.
In this judgment by the High Court of Rajasthan, the court heard the learned counsel for both parties regarding the admission of the application and reviewed its contents. The court decided to admit the application and issued notice to the respondent. The Official Liquidator accepted notice on behalf of the respondent, obviating the need for further notice issuance. The parties agreed that the matter falls under the purview of a previous court order dated 25-7-2003 in a specific case, which led to the matter being taken up for final hearing. The court found that the order for winding-up of the Rajasthan State Agro Industries Corporation Limited had been put on hold by a stay order, meaning the winding-up order was issued but stayed, and no Liquidator had been appointed. Consequently, the court determined that no leave was required in this case, but as per the court's directive in the writ petition, the applicants were instructed to seek the leave of the Company Court, which was granted. Therefore, the application was allowed, permitting the applicants to proceed with their writ petition before the relevant Bench.
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