Saturday 18 April 2015

SC: High Court's direction to Court receiver to sell property was void as DRT was established to set

RDBFI Act : In view of fact that DRT had been established in Mumbai and proceedings before High Court were automatically transferred to it in view of section 31, it was impermissible in law for High Court to direct Court receiver to sell property of respondent in public auction by executing Court decree, which action of Court receiver was void ab initio in law


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