Administrative relief for Asset Disposal Committee: court enabled office space, staffing, notices, and sale supervision to continue operations.

Interim administrative relief was granted to facilitate the functioning of the Asset Disposal Committee. By consent, the Committee was permitted to use Rooms 401 and 402 on the fourth floor as additional office space until the State Government provides alternative accommodation. The order also directed creation of a dedicated website, publication of notices for claims and asset sales, supervision of sales by the Committee, fixation of the Chairman's remuneration, and provision for necessary staff and expenses from sale proceeds and company payments, thereby enabling continuation of the claim and disposal process.

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Issues: (i) Whether the Asset Disposal Committee should be accommodated with office space and allied administrative support for continuation of its functions.

Issue (i): Whether the Asset Disposal Committee should be accommodated with office space and allied administrative support for continuation of its functions.

Analysis: By consent, the Committee was permitted to use and occupy Rooms 401 and 402 on the fourth floor of the specified premises as an additional office until alternative accommodation is provided by the State Government. The order also facilitated the Committee's functioning by directing creation of a dedicated website, publication of notices for claims and asset sales, supervision of sales by the Committee, fixation of the Chairman's remuneration, and provision for necessary staff and expenses from sale proceeds and company payments.

Conclusion: The requested administrative arrangements and supporting directions were granted.

Final Conclusion: The order granted interim administrative and operational relief to facilitate the functioning of the Asset Disposal Committee and related claim and asset-disposal processes.

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