https://www.taxtmi.com/caselaws?id=108560 The Court dismissed the Company Applications filed by the Indian Bank, opting not to interfere with the Official Liquidator's actions in selling company assets. The Bank's request for permission to sell assets independently was denied to ensure compliance with legal procedures and protect the interests of the company, secured creditors, and stakeholders. The Court emphasized the significance of allowing the Official Liquidator to oversee the asset sale transparently and in accordance with regulatory directives. en-us Tue, 22 Oct 2002 00:00:00 +0530 Mon, 02 Apr 2012 16:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108560 The Court dismissed the Company Applications filed by the Indian Bank, opting not to interfere with the Official Liquidator's actions in selling company assets. The Bank's request for permission to sell assets independently was denied to ensure compliance with legal procedures and protect the interests of the company, secured creditors, and stakeholders. The Court emphasized the significance of allowing the Official Liquidator to oversee the asset sale transparently and in accordance with regulatory directives. Case-Laws Companies Law Tue, 22 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108560