https://www.taxtmi.com/caselaws?id=111708 Official liquidator established the indebtedness under secured loan accounts by documentary and oral evidence and the respondents were held liable to pay the assessed decretal sums with interest; respondent title documents did not discharge the debt. The note clarifies that, within winding up procedure, the liquidator may, after non-payment within the directed period, transmit the decree for execution, take possession of mortgaged company property and sell it by public auction to realise the decretal amount for distribution to creditors. The application by the liquidator was allowed and enforcement authorised. 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 Official liquidator established the indebtedness under secured loan accounts by documentary and oral evidence and the respondents were held liable to pay the assessed decretal sums with interest; respondent title documents did not discharge the debt. The note clarifies that, within winding up procedure, the liquidator may, after non-payment within the directed period, transmit the decree for execution, take possession of mortgaged company property and sell it by public auction to realise the decretal amount for distribution to creditors. The application by the liquidator was allowed and enforcement authorised. Case-Laws Companies Law Tue, 30 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111708