https://www.taxtmi.com/caselaws?id=199143 Exclusive recovery jurisdiction under the RDB Act prevails over interference based on pending winding-up proceedings, so leave of the company court was not required to proceed with adjudication and recovery. Section 31 of the Tamil Nadu Recognised Private Schools (Regulation) Act did not bar the sale, because the petitioners failed to prove that the secured asset was school property rather than the owner's property. Writ petitions challenging the auction were not maintainable on the facts, given the advanced stage of the sale and the bona fide participation of the auction purchaser. The auction sale was therefore allowed to stand and interim restraints were vacated. en-us Mon, 24 Jul 2006 00:00:00 +0530 Wed, 21 Feb 2018 14:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199143 Exclusive recovery jurisdiction under the RDB Act prevails over interference based on pending winding-up proceedings, so leave of the company court was not required to proceed with adjudication and recovery. Section 31 of the Tamil Nadu Recognised Private Schools (Regulation) Act did not bar the sale, because the petitioners failed to prove that the secured asset was school property rather than the owner's property. Writ petitions challenging the auction were not maintainable on the facts, given the advanced stage of the sale and the bona fide participation of the auction purchaser. The auction sale was therefore allowed to stand and interim restraints were vacated. Case-Laws Companies Law Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199143