https://www.taxtmi.com/caselaws?id=96527 Secured creditors were granted leave to continue a pre-existing mortgage suit during winding up to quantify their charge, but the court refused to displace the Official Liquidator's possession in favour of a court-appointed receiver, applying the discretionary principle that the liquidator's custody is ordinarily preferred to avoid conflict with winding-up administration; consequently the applicants were ordered to pay the Official Liquidator's costs. The operative ratio states that, in competition between a receiver and a liquidator, the court will ordinarily preserve the liquidator's possession. en-us Mon, 26 Aug 1929 00:00:00 +0530 Mon, 09 Jan 2012 10:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96527 Secured creditors were granted leave to continue a pre-existing mortgage suit during winding up to quantify their charge, but the court refused to displace the Official Liquidator's possession in favour of a court-appointed receiver, applying the discretionary principle that the liquidator's custody is ordinarily preferred to avoid conflict with winding-up administration; consequently the applicants were ordered to pay the Official Liquidator's costs. The operative ratio states that, in competition between a receiver and a liquidator, the court will ordinarily preserve the liquidator's possession. Case-Laws Companies Law Mon, 26 Aug 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96527