https://www.taxtmi.com/caselaws?id=281162 Permission to sell mortgaged property under the Maharashtra Co-operative Societies Act was granted subject to liquidation safeguards preserving statutory priority under Section 529A of the Companies Act, 1956. The sale proceeds, after costs, had to be brought into Court through the Official Liquidator because the charge was not shown to be registered with the Registrar of Companies. Wider questions, including whether the applicants were secured creditors, were left open, and the Official Liquidator was directed to report after the sale was completed. en-us Fri, 21 Mar 2014 00:00:00 +0530 Wed, 05 Jun 2019 23:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281162 Permission to sell mortgaged property under the Maharashtra Co-operative Societies Act was granted subject to liquidation safeguards preserving statutory priority under Section 529A of the Companies Act, 1956. The sale proceeds, after costs, had to be brought into Court through the Official Liquidator because the charge was not shown to be registered with the Registrar of Companies. Wider questions, including whether the applicants were secured creditors, were left open, and the Official Liquidator was directed to report after the sale was completed. Case-Laws Companies Law Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281162