https://www.taxtmi.com/caselaws?id=111386 The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 prevails over inconsistent proceedings under the Companies Act, 1956 by virtue of its overriding clause, so a District Magistrate cannot interfere with possession of property sold and delivered in recovery proceedings merely at the request of the Official Liquidator in winding-up proceedings. The interference order was therefore unsustainable and was quashed, and the purchaser was entitled to continue exercising rights over the property in accordance with law. en-us Wed, 29 Nov 2006 00:00:00 +0530 Mon, 23 Apr 2012 13:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111386 The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 prevails over inconsistent proceedings under the Companies Act, 1956 by virtue of its overriding clause, so a District Magistrate cannot interfere with possession of property sold and delivered in recovery proceedings merely at the request of the Official Liquidator in winding-up proceedings. The interference order was therefore unsustainable and was quashed, and the purchaser was entitled to continue exercising rights over the property in accordance with law. Case-Laws Companies Law Wed, 29 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111386