https://www.taxtmi.com/caselaws?id=297760 The court dismissed the appeal and rejected the application for the appointment of a Receiver in a mortgage suit filed by the State Bank of India against a company and its directors for loan recovery. Emphasizing the lack of immediate threat to the securities and the operational status of the defendant's business, the court upheld the rejection of the ad interim appointment of the Receiver. It advised prompt disposal of the pending application in the lower court to safeguard the interests of all parties involved. en-us Fri, 19 Sep 1986 00:00:00 +0530 Tue, 21 Sep 2021 15:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297760 The court dismissed the appeal and rejected the application for the appointment of a Receiver in a mortgage suit filed by the State Bank of India against a company and its directors for loan recovery. Emphasizing the lack of immediate threat to the securities and the operational status of the defendant's business, the court upheld the rejection of the ad interim appointment of the Receiver. It advised prompt disposal of the pending application in the lower court to safeguard the interests of all parties involved. Case-Laws Indian Laws Fri, 19 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297760