https://www.taxtmi.com/caselaws?id=111708 Mortgage and loan evidence established the respondents' indebtedness under two secured loan accounts, while the sale deeds and unregistered will did not displace the debt. The official liquidator was entitled to recover the decretal amount with applicable further interest. Under the winding-up framework, the liquidator may collect debts and realise company assets for creditor distribution. If payment is not made within the stipulated period, the liquidator may obtain possession of the mortgaged property through execution, transmit the decree to the competent execution court, and sell the property by public auction to satisfy the debt. en-us Tue, 30 Aug 2005 00:00:00 +0530 Tue, 24 Apr 2012 17:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111708 Mortgage and loan evidence established the respondents' indebtedness under two secured loan accounts, while the sale deeds and unregistered will did not displace the debt. The official liquidator was entitled to recover the decretal amount with applicable further interest. Under the winding-up framework, the liquidator may collect debts and realise company assets for creditor distribution. If payment is not made within the stipulated period, the liquidator may obtain possession of the mortgaged property through execution, transmit the decree to the competent execution court, and sell the property by public auction to satisfy the debt. Case-Laws Companies Law Tue, 30 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111708