https://www.taxtmi.com/caselaws?id=238217 The Court addressed issues concerning the valuation and possession of properties by the Official Liquidator (OL). Deficiencies in valuation reports and possession procedures were highlighted, emphasizing the need for thorough examination and specific guidelines. Detailed directions were issued to the OL to improve possession, valuation, and sale procedures, including cross-checking property details, drawing panchnamas, verifying ownership, and inviting claims from workers and creditors. The OL was instructed to rectify deficiencies promptly for effective asset realization in the liquidation proceedings. en-us Wed, 18 Jan 2012 00:00:00 +0530 Fri, 18 Oct 2013 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238217 The Court addressed issues concerning the valuation and possession of properties by the Official Liquidator (OL). Deficiencies in valuation reports and possession procedures were highlighted, emphasizing the need for thorough examination and specific guidelines. Detailed directions were issued to the OL to improve possession, valuation, and sale procedures, including cross-checking property details, drawing panchnamas, verifying ownership, and inviting claims from workers and creditors. The OL was instructed to rectify deficiencies promptly for effective asset realization in the liquidation proceedings. Case-Laws Companies Law Wed, 18 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238217