https://www.taxtmi.com/caselaws?id=312914 SARFAESI enforcement by a secured creditor could not be restrained by the Company Court at the stage of Section 13(2) and Section 13(4), because the Act permits enforcement without court intervention and gives overriding effect to inconsistent laws. The Court held that the protection of Section 529A of the Companies Act, 1956 is incorporated through Section 13(9) and becomes relevant at that later stage, so workmen's dues and other secured creditors' claims cannot be ignored. The restraint directions were set aside, but limited safeguards were retained to secure the best price and statutory compliance. en-us Mon, 06 Aug 2007 00:00:00 +0530 Wed, 13 Mar 2024 18:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312914 SARFAESI enforcement by a secured creditor could not be restrained by the Company Court at the stage of Section 13(2) and Section 13(4), because the Act permits enforcement without court intervention and gives overriding effect to inconsistent laws. The Court held that the protection of Section 529A of the Companies Act, 1956 is incorporated through Section 13(9) and becomes relevant at that later stage, so workmen's dues and other secured creditors' claims cannot be ignored. The restraint directions were set aside, but limited safeguards were retained to secure the best price and statutory compliance. Case-Laws Companies Law Mon, 06 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312914