B. P. Jeevan Reddy, J. - (1.) Leave granted.
(2.) The appeal is directed against the judgment of a Division Bench of the Bombay High Court in Appeal No. 777 of 1986 disposing of the appeal preferred by the appellant with certain directions.
(3.) Khandesh Spinning and Weaving Mills Pvt. Ltd. went into liquidation at the instance of a creditor. The order of winding up was passed on September 19, 1984 in Company Petition No.59 of 1984. The official liquidator was appointed as the liquidator for the company.;