Allowed
Corporation Bank v. Official Liquidator of Prathibha Shipping Company Ltd.
Bombay HCCA/178/2015
Case brief
AI extract
What is this about?
The High Court of Bombay granted leave under Section 446 of the Companies Act, 1956 to the Corporation Bank (applicant) to proceed with Admiralty Suit No. 34 of 2014 against the Official Liquidator of the respondent company. The court also accepted a stipulation that leave is required before executing any decree in the suit.
What did the court decide?
Leave granted to proceed with Admiralty Suit No. 34 of 2014 against the Official Liquidator; application disposed of.