https://www.taxtmi.com/caselaws?id=330045 In winding up, the Official Liquidator must sell assets under the Companies Act, 1956 and the Court-approved sale terms, and is not required to list individual electricity arrears or other unsecured claims in the sale advertisement. Creditors cannot compel insertion of a special condition that a purchaser must clear such dues before obtaining future supply, because claims must be pursued through the statutory liquidation process under sections 529, 529A and 530. The amended electricity supply code did not override the winding up regime or require modification of the auction notice or sale conditions. en-us Mon, 04 Jul 2016 00:00:00 +0530 Sat, 16 Jul 2016 11:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330045 In winding up, the Official Liquidator must sell assets under the Companies Act, 1956 and the Court-approved sale terms, and is not required to list individual electricity arrears or other unsecured claims in the sale advertisement. Creditors cannot compel insertion of a special condition that a purchaser must clear such dues before obtaining future supply, because claims must be pursued through the statutory liquidation process under sections 529, 529A and 530. The amended electricity supply code did not override the winding up regime or require modification of the auction notice or sale conditions. Case-Laws Companies Law Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330045