Allowed
M/s. Global Drugs (P) Limited v. No Respondent
Telangana HCCOMPA/64/2019
Case brief
AI extract
What is this about?
The Common Bench allowed the Official Liquidator's application for permission to declare and pay dividends to preferential creditors, authorize specific banking arrangements, dispense with newspaper notice, and transfer unpaid dividends under the Companies Act, 1956.
What did the court decide?
Permission to declare dividend, open separate account, dispense with newspaper notice, authorize individual notices, and transfer unpaid dividends.