https://www.taxtmi.com/caselaws?id=327749 Where a company and secured creditors consent to recovery through sale of secured assets under the SARFAESI framework, and the company undertakes to cooperate and hand over possession after sale confirmation, the HC may decline winding up and permit enforcement through the secured asset regime instead. On those facts, the winding up petition was not granted, and the secured assets were directed to be sold under law expeditiously with possession to be handed over in terms of the undertaking. en-us Tue, 19 Jan 2016 00:00:00 +0530 Wed, 18 May 2016 21:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327749 Where a company and secured creditors consent to recovery through sale of secured assets under the SARFAESI framework, and the company undertakes to cooperate and hand over possession after sale confirmation, the HC may decline winding up and permit enforcement through the secured asset regime instead. On those facts, the winding up petition was not granted, and the secured assets were directed to be sold under law expeditiously with possession to be handed over in terms of the undertaking. Case-Laws Companies Law Tue, 19 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327749