https://www.taxtmi.com/caselaws?id=303800 The court allowed the State Bank of India's application to sell hypothecated goods under the SARFAESI Act, 2002, directing the sale proceeds to be deposited with the Official Liquidator. Additionally, permission was granted to release funds for payment to security agencies from the Common Pool Fund, with provisions for further payments and loans if needed. The court also approved the de-sealing of a rented premises and permitted the continuation of complaint cases under the Negotiable Instruments Act against the company in liquidation and its directors, subject to certain conditions. en-us Mon, 10 Jul 2017 00:00:00 +0530 Mon, 15 Aug 2022 14:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303800 The court allowed the State Bank of India's application to sell hypothecated goods under the SARFAESI Act, 2002, directing the sale proceeds to be deposited with the Official Liquidator. Additionally, permission was granted to release funds for payment to security agencies from the Common Pool Fund, with provisions for further payments and loans if needed. The court also approved the de-sealing of a rented premises and permitted the continuation of complaint cases under the Negotiable Instruments Act against the company in liquidation and its directors, subject to certain conditions. Case-Laws Companies Law Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303800