https://www.taxtmi.com/caselaws?id=103609 The court granted permission to the petitioner-bank to proceed with its original application under section 446(1) of the Companies Act, 1956 before the Debt Recovery Tribunal, Jaipur. Despite the lack of opposition and with the consent of the official liquidator and financial institutions, the court allowed the petition and the subsequent amendment uncontested. The permission was given on the condition that the bank would not execute any decree or recovery certificate without prior approval from the company court. This decision enabled the petitioner-bank to continue its legal proceedings before the Tribunal while safeguarding the rights of the respondent company. en-us Thu, 05 Mar 1998 00:00:00 +0530 Thu, 23 Feb 2012 18:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103609 The court granted permission to the petitioner-bank to proceed with its original application under section 446(1) of the Companies Act, 1956 before the Debt Recovery Tribunal, Jaipur. Despite the lack of opposition and with the consent of the official liquidator and financial institutions, the court allowed the petition and the subsequent amendment uncontested. The permission was given on the condition that the bank would not execute any decree or recovery certificate without prior approval from the company court. This decision enabled the petitioner-bank to continue its legal proceedings before the Tribunal while safeguarding the rights of the respondent company. Case-Laws Companies Law Thu, 05 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103609