https://www.taxtmi.com/caselaws?id=105052 The court allowed the first respondent, a secured creditor, to continue proceedings in O.A. No. 1301 of 1997 before the Debt Recovery Tribunal. The court emphasized safeguards to inform the official liquidator and ensure payment of workmen's dues before property sale. The appellants' challenge regarding property sale without permission was deemed premature due to a pending petition. The court rejected the need for prior court permission before liquidation under Section 446. It clarified that the official liquidator's rights post-winding up do not require creditor reference for property sale, dismissing the appeal at the admission stage. en-us Thu, 09 Dec 1999 00:00:00 +0530 Fri, 02 Mar 2012 12:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105052 The court allowed the first respondent, a secured creditor, to continue proceedings in O.A. No. 1301 of 1997 before the Debt Recovery Tribunal. The court emphasized safeguards to inform the official liquidator and ensure payment of workmen's dues before property sale. The appellants' challenge regarding property sale without permission was deemed premature due to a pending petition. The court rejected the need for prior court permission before liquidation under Section 446. It clarified that the official liquidator's rights post-winding up do not require creditor reference for property sale, dismissing the appeal at the admission stage. Case-Laws Companies Law Thu, 09 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105052