https://www.taxtmi.com/caselaws?id=458383 A secured creditor may enforce security under SARFAESI against a company in liquidation, but the sale must be conducted with notice to and association of the Official Liquidator under Company Court supervision. The competing statutes are to be read harmoniously so that the liquidator can protect workmen's dues, secure a proper price, and ensure lawful distribution of sale proceeds under the Companies Act. An auction completed without such association was not sustained, and the sale process had to be redone through a fresh notice issued in association with the Official Liquidator. 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 A secured creditor may enforce security under SARFAESI against a company in liquidation, but the sale must be conducted with notice to and association of the Official Liquidator under Company Court supervision. The competing statutes are to be read harmoniously so that the liquidator can protect workmen's dues, secure a proper price, and ensure lawful distribution of sale proceeds under the Companies Act. An auction completed without such association was not sustained, and the sale process had to be redone through a fresh notice issued in association with the Official Liquidator. Case-Laws Indian Laws Thu, 26 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458383