https://www.taxtmi.com/caselaws?id=109289 The Supreme Court appointed a Committee led by Justice K.T. Thomas, with officers from RBI and SEBI, to manage the Company's assets and creditor claims. The Provisional Liquidator and Receiver were discharged, transferring assets to the Committee. Fixed Deposits were to be handed over, with the Provisional Liquidator receiving remuneration until month-end. The Committee Chair received a monthly salary, expenses, and staff appointment authority. The Committee could seek Court guidance and consult the Provisional Liquidator. The first meeting was set in Chandigarh, with SEBI and RBI representatives to coordinate, and Transfer Petitions listed in a month. en-us Thu, 19 Aug 2004 00:00:00 +0530 Mon, 19 Aug 2013 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109289 The Supreme Court appointed a Committee led by Justice K.T. Thomas, with officers from RBI and SEBI, to manage the Company's assets and creditor claims. The Provisional Liquidator and Receiver were discharged, transferring assets to the Committee. Fixed Deposits were to be handed over, with the Provisional Liquidator receiving remuneration until month-end. The Committee Chair received a monthly salary, expenses, and staff appointment authority. The Committee could seek Court guidance and consult the Provisional Liquidator. The first meeting was set in Chandigarh, with SEBI and RBI representatives to coordinate, and Transfer Petitions listed in a month. Case-Laws Companies Law Thu, 19 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109289