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2009 (12) TMI 510 - HIGH COURT OF MADRASMaintainability of Appeal - Held that:- The very reading of the order under challenge would clearly indicate that there was a direction given to the official liquidator to investigate into the affairs of the second respondent-company who is the appellant herein, which was not ordered to be wound up. Whether there were reasons and circumstances to order so does not arise for consideration at this stage since what is on hand is one in respect of the maintainability. Since this court is able to notice the order under challenge as such affects the valuable rights of the appellant, it has to be treated as a judgment within the meaning of the Letters Patent. It can be well stated that the order under challenge is appealable. This court is of the considered opinion that the appellant can well maintain the appeals. Under the circumstances, the contentions put forth by learned senior counsel for the first respondent are liable to be rejected and accordingly, rejected. The appeals are maintainable
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