Thursday, 19 March 2015

In order to set aside sale of liquidating-Co's assets, liquidator was left with only remedy to appro

CL: Where official liquidator sought to challenge sale held by bank under section 13 (4) of SARFAESI Act, during pendency of winding up proceedings without reference to winding up court, only remedy available to official liquidator was to approach Debts Recovery Tribunal under section 17 of SARFAESI Act


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