https://www.taxtmi.com/caselaws?id=113211 The court ordered the official liquidator to hand over possession of secured assets to the applicant-bank for debt recovery, following disputes and delays in compliance reporting. Recognizing the bank's secured creditor status, the court emphasized its entitlement to sell mortgaged properties. An inquiry was ordered against responsible individuals for lapses in compliance reporting, with the court overseeing the sale process to benefit all creditors and workers. The official liquidator was directed to value the property, invite offers through public advertisement, and conduct an auction within a specified timeframe. en-us Tue, 28 Sep 2010 00:00:00 +0530 Wed, 24 Sep 2014 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113211 The court ordered the official liquidator to hand over possession of secured assets to the applicant-bank for debt recovery, following disputes and delays in compliance reporting. Recognizing the bank's secured creditor status, the court emphasized its entitlement to sell mortgaged properties. An inquiry was ordered against responsible individuals for lapses in compliance reporting, with the court overseeing the sale process to benefit all creditors and workers. The official liquidator was directed to value the property, invite offers through public advertisement, and conduct an auction within a specified timeframe. Case-Laws Companies Law Tue, 28 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113211