https://www.taxtmi.com/caselaws?id=340505 The court granted the application for releasing the mortgaged property, allowing the applicant to proceed under the SARFAESI Act. Directions were given for cooperation between the applicant and Official Liquidator for auctioning the property, appointing a Valuer for asset valuation, fixing a reserve price, and conducting an auction. The parties were instructed to follow specific timelines, with the applicant having the right to appoint a Valuer and the auction to take place after thirty days from advertisement, ensuring a structured process for realization of funds. en-us Thu, 09 Feb 2017 00:00:00 +0530 Tue, 21 Mar 2017 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340505 The court granted the application for releasing the mortgaged property, allowing the applicant to proceed under the SARFAESI Act. Directions were given for cooperation between the applicant and Official Liquidator for auctioning the property, appointing a Valuer for asset valuation, fixing a reserve price, and conducting an auction. The parties were instructed to follow specific timelines, with the applicant having the right to appoint a Valuer and the auction to take place after thirty days from advertisement, ensuring a structured process for realization of funds. Case-Laws Companies Law Thu, 09 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340505