https://www.taxtmi.com/caselaws?id=112695 Purported satisfaction of a consent decree did not extinguish the decretal liability where the alleged substitution of security and the pursis were not lawfully or validly effected. The civil court's recording of satisfaction, entered without proper verification, could not defeat the subsisting rights under the earlier consent decrees. In winding-up proceedings, the Company Court's wide powers were recognised to secure effective realisation of company assets and prevent abuse of process. The Official Liquidator was therefore entitled to execute the decrees and take possession of the secured office premises, including Office Nos. 202, 203 and 204 with appurtenant rights. en-us Mon, 10 Nov 2008 00:00:00 +0530 Tue, 25 Nov 2014 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112695 Purported satisfaction of a consent decree did not extinguish the decretal liability where the alleged substitution of security and the pursis were not lawfully or validly effected. The civil court's recording of satisfaction, entered without proper verification, could not defeat the subsisting rights under the earlier consent decrees. In winding-up proceedings, the Company Court's wide powers were recognised to secure effective realisation of company assets and prevent abuse of process. The Official Liquidator was therefore entitled to execute the decrees and take possession of the secured office premises, including Office Nos. 202, 203 and 204 with appurtenant rights. Case-Laws Companies Law Mon, 10 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112695