https://www.taxtmi.com/caselaws?id=458428 The HC directed the bank to sell the disputed property, retaining proceeds sufficient to cover its claim and related expenses. The excess funds are to be managed by special officers, pending resolution through arbitration or potential legal action by the appellant. The bank is not a party to Section 9 proceedings, but its interests are safeguarded. The judgment provides detailed instructions to ensure a fair sale process and proper distribution of proceeds, allowing unresolved disputes to be addressed through arbitration or litigation. No costs are awarded, underscoring the urgency of resolving the property and proceeds distribution. en-us Wed, 24 Jan 2018 00:00:00 +0530 Sat, 26 Oct 2024 19:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458428 The HC directed the bank to sell the disputed property, retaining proceeds sufficient to cover its claim and related expenses. The excess funds are to be managed by special officers, pending resolution through arbitration or potential legal action by the appellant. The bank is not a party to Section 9 proceedings, but its interests are safeguarded. The judgment provides detailed instructions to ensure a fair sale process and proper distribution of proceeds, allowing unresolved disputes to be addressed through arbitration or litigation. No costs are awarded, underscoring the urgency of resolving the property and proceeds distribution. Case-Laws Indian Laws Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458428