https://www.taxtmi.com/caselaws?id=282214 The Court declined to stay the interim order dated 12th March, 2018, but allowed the State Bank of India (SBI) and Joint Lenders to proceed with the sale of mortgaged properties under certain conditions. Proceeds from the sale are to be held in a separate Escrow Account pending the appeal's outcome. All parties must cooperate in the sale process. The matter is set for further proceedings before the 1st Court on 18th April, 2018, ensuring a balanced approach to the legal complexities involved in issuing interim orders and managing property sales under the Companies Act, 2013. en-us Fri, 06 Apr 2018 00:00:00 +0530 Sat, 27 Jul 2019 06:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282214 The Court declined to stay the interim order dated 12th March, 2018, but allowed the State Bank of India (SBI) and Joint Lenders to proceed with the sale of mortgaged properties under certain conditions. Proceeds from the sale are to be held in a separate Escrow Account pending the appeal's outcome. All parties must cooperate in the sale process. The matter is set for further proceedings before the 1st Court on 18th April, 2018, ensuring a balanced approach to the legal complexities involved in issuing interim orders and managing property sales under the Companies Act, 2013. Case-Laws Companies Law Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282214