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2000 (2) TMI 781 - SUPREME COURTWinding up - direction to furnish security - Held that:- Appeal allowed. The direction of the Division Bench that the appellant should furnish security in the sum of Rs. 70 lakhs before the withdrawal of said amount is hereby set aside and the order of the Company Judge dated 9-12-1998 is restored. If the amount is lying in a fixed deposit for any particular term, it will be open to the appellant to move the Prothonotary for breaking up the fixed deposit and for withdrawal of the said amount in favour of the appellant.
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