The application seeks a stay on proceedings initiated against the company under liquidation and its ex-management/director in various criminal courts in Delhi under Section 138 of the Negotiable Instruments Act, 1881, citing Sections 446 and 447 of the Companies Act, 1956.
The company, M/s Catmoss Retail Pvt. Ltd., was ordered to be wound up on February 28, 2013 , and a Provisional Liquidator was appointed on March 27, 2014 , to take over its assets and records. Mr. Ashwani Chawla, an ex-management/director, filed an application (CO.APPL. 58/2024) seeking a stay on proceedings initiated against the company and himself in various criminal courts in Delhi. The application was filed under Sections 446 and 447 of the Companies Act, 1956, seeking to halt complaints instituted under Section 138 of the Negotiable Instruments Act, 1881. The applicant argued that all legal proceedings against the director after the winding-up order cannot continue without the leave of the High Court, especially since the Official Liquidator now holds all company
…Sign in to view the parties.
The company, M/s…
A Provisional…
The application seeks a stay on proceedings initiated against the company under liquidation and its ex-management/director in various criminal courts in Delhi under Section 138 of the Negotiable Instruments Act, 1881, citing Sections 446 and 447 of the Companies Act, 1956.
The company, M/s Catmoss Retail Pvt. Ltd., was ordered to be wound up on February 28, 2013 , and a Provisional Liquidator was appointed on March 27, 2014 , to take over its assets and records. Mr. Ashwani Chawla, an ex-management/director, filed an application (CO.APPL. 58/2024) seeking a stay on proceedings initiated against the company and himself in various criminal courts in Delhi. The application was filed under Sections 446 and 447 of the Companies Act, 1956, seeking to halt complaints instituted under Section 138 of the Negotiable Instruments Act, 1881. The applicant argued that all legal proceedings against the director after the winding-up order cannot continue without the leave of the High Court, especially since the Official Liquidator now holds all company
…The company, M/s…
A Provisional…