https://www.taxtmi.com/caselaws?id=105476 Where recovery proceedings under the RDB Act overlap with liquidation proceedings under the Companies Act, the Debts Recovery Tribunal may continue the sale of the company's assets because the later special recovery statute prevails to the extent of inconsistency, and the company court does not retain exclusive control over the sale process. However, distribution of the sale proceeds must still follow the Companies Act priority scheme: workmen's dues receive statutory protection under sections 529 and 529A, secured creditors share pari passu, and the official liquidator may participate to safeguard workmen's interests before creditors are paid. en-us Mon, 23 Jul 2001 00:00:00 +0530 Mon, 05 Mar 2012 17:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105476 Where recovery proceedings under the RDB Act overlap with liquidation proceedings under the Companies Act, the Debts Recovery Tribunal may continue the sale of the company's assets because the later special recovery statute prevails to the extent of inconsistency, and the company court does not retain exclusive control over the sale process. However, distribution of the sale proceeds must still follow the Companies Act priority scheme: workmen's dues receive statutory protection under sections 529 and 529A, secured creditors share pari passu, and the official liquidator may participate to safeguard workmen's interests before creditors are paid. Case-Laws Companies Law Mon, 23 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105476