https://www.taxtmi.com/caselaws?id=221640 A special recovery statute that vests exclusive jurisdiction in the Debt Recovery Tribunal and Recovery Officer also provides the only appellate route for challenging an auction or confirmation of sale. Association of the Official Liquidator in the sale process protects the interests of the company, creditors and workmen, but it does not create a parallel remedy before the Company Court to annul a sale confirmed under that statute. The Company Court's role under the Companies Act does not displace the statutory recovery framework. The proper challenge lay by appeal before the Debt Recovery Tribunal, not by proceedings in the Company Court. en-us Tue, 12 Mar 2013 00:00:00 +0530 Fri, 01 Sep 2017 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221640 A special recovery statute that vests exclusive jurisdiction in the Debt Recovery Tribunal and Recovery Officer also provides the only appellate route for challenging an auction or confirmation of sale. Association of the Official Liquidator in the sale process protects the interests of the company, creditors and workmen, but it does not create a parallel remedy before the Company Court to annul a sale confirmed under that statute. The Company Court's role under the Companies Act does not displace the statutory recovery framework. The proper challenge lay by appeal before the Debt Recovery Tribunal, not by proceedings in the Company Court. Case-Laws Companies Law Tue, 12 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221640