https://www.taxtmi.com/caselaws?id=112417 A petitioner claiming to be a secured creditor sought permission to inspect and sell the assets of a company in liquidation under Section 457(3) of the Companies Act, 1956. The court found no material on record proving secured creditor status, so the request for sale of assets could not be granted. The inspection request also failed because the petitioner was neither established as a secured creditor nor shown to be a prospective buyer. The order noted that the petitioner could lodge its claim when the Official Liquidator invited claims, and the application was dismissed. en-us Fri, 29 Apr 2005 00:00:00 +0530 Sat, 28 Apr 2012 13:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112417 A petitioner claiming to be a secured creditor sought permission to inspect and sell the assets of a company in liquidation under Section 457(3) of the Companies Act, 1956. The court found no material on record proving secured creditor status, so the request for sale of assets could not be granted. The inspection request also failed because the petitioner was neither established as a secured creditor nor shown to be a prospective buyer. The order noted that the petitioner could lodge its claim when the Official Liquidator invited claims, and the application was dismissed. Case-Laws Companies Law Fri, 29 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112417