https://www.taxtmi.com/caselaws?id=459986 A civil court may continue a suit and issue protective directions for preservation and realization of assets despite parallel proceedings under the Maharashtra Protection of Interests of Depositors (Financial Establishments) Act, 1999, where the suit is not barred and earlier unchallenged orders remain in force. The court accepted the Committee's report after noting party participation, no objection to disposal of identified commodities, and existing safeguards for distribution of realized amounts. It clarified that only material lying in the warehouse could be disposed of, and authorized the Committee to seek police or other assistance for implementation of its directions. en-us Wed, 17 Dec 2014 00:00:00 +0530 Tue, 07 Jan 2025 19:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459986 A civil court may continue a suit and issue protective directions for preservation and realization of assets despite parallel proceedings under the Maharashtra Protection of Interests of Depositors (Financial Establishments) Act, 1999, where the suit is not barred and earlier unchallenged orders remain in force. The court accepted the Committee's report after noting party participation, no objection to disposal of identified commodities, and existing safeguards for distribution of realized amounts. It clarified that only material lying in the warehouse could be disposed of, and authorized the Committee to seek police or other assistance for implementation of its directions. Case-Laws Indian Laws Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459986