https://www.taxtmi.com/caselaws?id=105150 The Court directed the Official Liquidator to invite further quotations from chartered accountants because the quotations already received were inadequate for the proposed books-writing and audit work. It also permitted the valuation exercise to proceed after notice to the union, allowed the union to nominate two persons, and authorised appointment of three valuers for the three units. The Court further directed secured creditors to bear the liquidation-related expenses, including accounts, audit, valuation, insurance and security costs, on a pro rata basis according to their secured dues. en-us Fri, 29 Jan 1999 00:00:00 +0530 Fri, 02 Mar 2012 16:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105150 The Court directed the Official Liquidator to invite further quotations from chartered accountants because the quotations already received were inadequate for the proposed books-writing and audit work. It also permitted the valuation exercise to proceed after notice to the union, allowed the union to nominate two persons, and authorised appointment of three valuers for the three units. The Court further directed secured creditors to bear the liquidation-related expenses, including accounts, audit, valuation, insurance and security costs, on a pro rata basis according to their secured dues. Case-Laws Companies Law Fri, 29 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105150