https://www.taxtmi.com/caselaws?id=111158 A secured creditor enforcing security under the recovery statutes may proceed during winding up without leave of the Company Court, because those special enactments override the general Companies Act regime, but enforcement remains subject to protection of workmen's dues. The Court held that the creditor could proceed against the secured land extent found on the record despite objections based on imperfect or partial registration of charge, as the special statute operated with overriding effect to that extent. It also held that movables in the Official Liquidator's custody could not be sold under the securitisation law unless they were shown to be covered by the security interest. en-us Wed, 04 May 2005 00:00:00 +0530 Fri, 20 Apr 2012 16:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111158 A secured creditor enforcing security under the recovery statutes may proceed during winding up without leave of the Company Court, because those special enactments override the general Companies Act regime, but enforcement remains subject to protection of workmen's dues. The Court held that the creditor could proceed against the secured land extent found on the record despite objections based on imperfect or partial registration of charge, as the special statute operated with overriding effect to that extent. It also held that movables in the Official Liquidator's custody could not be sold under the securitisation law unless they were shown to be covered by the security interest. Case-Laws Companies Law Wed, 04 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111158