BANSIDHAR SHANKARLAL vs MOHD. IBRAHIM & ANR.

The Supreme Court held that Section 171 of the Companies Act, 1913 mandates that leave from the Company Judge is required for executing decrees against a company in liquidation. The Court emphasized that the purpose of this provision is to ensure equitable administration of the company's assets for all creditors. The Court confirmed that if the liquidators obtained the necessary sanction under Section 179, the execution application is maintainable as it is a continuation of the original suit, thereby upholding the lower courts' decisions and rejecting the appellant's objections.