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2010 (3) TMI 911 - HC - Companies LawRecalling the winding up order - Held that:- This court is of the opinion that the application deserves to be allowed and the order of winding up deserves to be recalled on issuance of proper and adequate safeguards in the interest of creditors and claimant if any. This court is of the view that the official liquidator shall issue appropriate advertisement in two languages namely in English and Gujarati in at least two daily newspapers of good circulation in the area where the company was situated containing gist of this order and safeguards provided hereinafter in this order so as to put to notice all the concerned and making them aware about the safeguards, otherwise the willingness of applicant to keep aside a sum for three years by the official liquidator in fixed deposit for meeting any legally admissible claim of any claimant or creditor would be merely a paper arrangement without any meaning, as there would not be any occasion for such claimant or creditors if any to know that there exists such arrangements.
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