https://www.taxtmi.com/caselaws?id=108450 The High Court clarified that it retained jurisdiction to enforce the agent's obligations under the agency agreement despite the suit's transfer to the Debt Recovery Tribunal. The agent, M/s. Travancore Malabar Estates, was directed to discharge its liabilities and provide a "Nil Liability Certificate" as per the agreement. The Court Receiver was discharged upon verification of the agent's compliance with the obligations. The High Court emphasized the enforceability of the agent's undertaking and rejected the agent's jurisdictional defense, affirming its authority in overseeing the agent's responsibilities. en-us Tue, 25 Feb 2003 00:00:00 +0530 Sat, 31 Mar 2012 16:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108450 The High Court clarified that it retained jurisdiction to enforce the agent's obligations under the agency agreement despite the suit's transfer to the Debt Recovery Tribunal. The agent, M/s. Travancore Malabar Estates, was directed to discharge its liabilities and provide a "Nil Liability Certificate" as per the agreement. The Court Receiver was discharged upon verification of the agent's compliance with the obligations. The High Court emphasized the enforceability of the agent's undertaking and rejected the agent's jurisdictional defense, affirming its authority in overseeing the agent's responsibilities. Case-Laws Companies Law Tue, 25 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108450