https://www.taxtmi.com/caselaws?id=196923 IFCI was directed to deposit the entire sale proceeds, together with interest earned, with the Official Liquidator, as disbursement of company funds fell within the Official Liquidator's functions under Company Court supervision rather than IFCI's control. The settlement recorded in the signed minutes between IFCI and Zullu Security (India) Pvt. Ltd. was treated as binding on IFCI, requiring payment of the agreed amount within one week. Claims of SASF and Alcatel Lucent India Ltd. were to be processed in the liquidation proceedings, with further payment steps subject to receipt of funds and further orders of the Court. en-us Thu, 01 Aug 2013 00:00:00 +0530 Tue, 19 Dec 2017 12:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196923 IFCI was directed to deposit the entire sale proceeds, together with interest earned, with the Official Liquidator, as disbursement of company funds fell within the Official Liquidator's functions under Company Court supervision rather than IFCI's control. The settlement recorded in the signed minutes between IFCI and Zullu Security (India) Pvt. Ltd. was treated as binding on IFCI, requiring payment of the agreed amount within one week. Claims of SASF and Alcatel Lucent India Ltd. were to be processed in the liquidation proceedings, with further payment steps subject to receipt of funds and further orders of the Court. Case-Laws Companies Law Thu, 01 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196923