https://www.taxtmi.com/caselaws?id=458383 The HC ruled that the SARFAESI Act and Companies Act can be harmonized, requiring the Official Liquidator's involvement in asset auctions for companies under liquidation. It invalidated an auction by Kotak Mahindra Bank Ltd. due to non-compliance, dismissed related applications, and ordered a refund to the auction purchaser. NAFED's impleadment was approved, allowing its participation in proceedings. en-us Thu, 26 Apr 2012 00:00:00 +0530 Thu, 24 Oct 2024 19:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458383 The HC ruled that the SARFAESI Act and Companies Act can be harmonized, requiring the Official Liquidator's involvement in asset auctions for companies under liquidation. It invalidated an auction by Kotak Mahindra Bank Ltd. due to non-compliance, dismissed related applications, and ordered a refund to the auction purchaser. NAFED's impleadment was approved, allowing its participation in proceedings. Case-Laws Indian Laws Thu, 26 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458383