https://www.taxtmi.com/caselaws?id=114044 The court dismissed the applications filed by the official liquidator and the ex-director, affirming the exclusive jurisdiction of the Debts Recovery Tribunal (DRT). The auction purchaser's application was allowed, directing the official liquidator to hand over possession of the property. The judgment reinforced the precedence of the Recovery of Debts Due to Banks and Financial Institutions Act over the Companies Act in matters of debt recovery and sale of assets of companies in liquidation. en-us Tue, 03 Mar 2009 00:00:00 +0530 Sat, 15 Nov 2014 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114044 The court dismissed the applications filed by the official liquidator and the ex-director, affirming the exclusive jurisdiction of the Debts Recovery Tribunal (DRT). The auction purchaser's application was allowed, directing the official liquidator to hand over possession of the property. The judgment reinforced the precedence of the Recovery of Debts Due to Banks and Financial Institutions Act over the Companies Act in matters of debt recovery and sale of assets of companies in liquidation. Case-Laws Companies Law Tue, 03 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114044