https://www.taxtmi.com/caselaws?id=104577 Leave under section 446 of the Companies Act, 1956 was considered for a secured creditor-bank seeking to continue execution proceedings before the Debt Recovery Tribunal despite a winding-up order. The execution proceedings had already been transferred to the DRT, the winding-up proceedings were stayed by the Supreme Court, and no objection was raised by the official liquidator or any other party. In these circumstances, leave to proceed with execution was granted, while the company court retained control over confirmation of sale and the order remained subject to any further direction of the Supreme Court. en-us Thu, 26 Feb 1998 00:00:00 +0530 Wed, 29 Feb 2012 16:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104577 Leave under section 446 of the Companies Act, 1956 was considered for a secured creditor-bank seeking to continue execution proceedings before the Debt Recovery Tribunal despite a winding-up order. The execution proceedings had already been transferred to the DRT, the winding-up proceedings were stayed by the Supreme Court, and no objection was raised by the official liquidator or any other party. In these circumstances, leave to proceed with execution was granted, while the company court retained control over confirmation of sale and the order remained subject to any further direction of the Supreme Court. Case-Laws Companies Law Thu, 26 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104577