https://www.taxtmi.com/caselaws?id=355999 The SC confirmed symbolic possession of the properties and enlarged the Court Receiver's powers under Order XL Rule 1 CPC to manage them on a day-to-day basis. It permitted engagement of professionals and agents, and authorised phased sale by first disposing of movables and then the identified immovable properties, recognising that sale of the properties as a single unit was not practicable. The Court also directed reimbursement of expenditure incurred by the Official Liquidator and the Court Receiver, subject to approval of the learned Company Judge in consultation with Justice A.S. Oka, and restrained other courts from entertaining litigation concerning the Aamby Valley City properties. en-us Wed, 07 Feb 2018 00:00:00 +0530 Thu, 22 Feb 2018 06:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355999 The SC confirmed symbolic possession of the properties and enlarged the Court Receiver's powers under Order XL Rule 1 CPC to manage them on a day-to-day basis. It permitted engagement of professionals and agents, and authorised phased sale by first disposing of movables and then the identified immovable properties, recognising that sale of the properties as a single unit was not practicable. The Court also directed reimbursement of expenditure incurred by the Official Liquidator and the Court Receiver, subject to approval of the learned Company Judge in consultation with Justice A.S. Oka, and restrained other courts from entertaining litigation concerning the Aamby Valley City properties. Case-Laws Companies Law Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355999