https://www.taxtmi.com/caselaws?id=104035 In winding up proceedings, secured creditors or similar claimants may be permitted to realise assets outside liquidation if their claims are lodged with the official liquidator within the stipulated time. The sale of the unit is to proceed by advertisement in consultation with the official liquidator, with each proceeding date intimated and the sale remaining subject to court confirmation. This preserves the company court's control over realisation and the distribution of proceeds while allowing the applicants to proceed outside the winding up framework. en-us Fri, 03 Nov 1995 00:00:00 +0530 Mon, 27 Feb 2012 13:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104035 In winding up proceedings, secured creditors or similar claimants may be permitted to realise assets outside liquidation if their claims are lodged with the official liquidator within the stipulated time. The sale of the unit is to proceed by advertisement in consultation with the official liquidator, with each proceeding date intimated and the sale remaining subject to court confirmation. This preserves the company court's control over realisation and the distribution of proceeds while allowing the applicants to proceed outside the winding up framework. Case-Laws Companies Law Fri, 03 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104035