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<h1>High Court bars RIICO & RFC from liquidation, directs property sale under official liquidator supervision</h1> <h3>Sirohi Cements Ltd., In re</h3> The High Court of Rajasthan directed RIICO and RFC to stay out of liquidation proceedings under section 446(2) of the Companies Act. RIICO was instructed ... Winding up – Suits stayed on winding-up order The High Court of Rajasthan disposed of applications under section 446(2) of the Companies Act by directing RIICO and RFC to remain out of liquidation proceedings. RIICO to sell property under supervision of the official liquidator. Sale proceeds to be deposited in court for distribution. Applications disposed of accordingly.