https://www.taxtmi.com/news?id=32962 Petition requests banks to disclose statements of accounts showing amounts recovered from the petitioner, his holding company and other certificate debtors, identify original owners of assets used for recoveries, and list any assets still held but not applied to debt recovery. It asserts recoveries have exceeded the decretal debt and that a recovery officer's certification confirming full settlement-required to end guarantor liability under the Companies Act-has not been issued. The plea seeks an interim stay on further asset sales pending clarification, and the court has issued notice to banks with a deadline for response. en-us Wed, 05 Feb 2025 15:46:03 +0530 Wed, 05 Feb 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32962 Petition requests banks to disclose statements of accounts showing amounts recovered from the petitioner, his holding company and other certificate debtors, identify original owners of assets used for recoveries, and list any assets still held but not applied to debt recovery. It asserts recoveries have exceeded the decretal debt and that a recovery officer's certification confirming full settlement-required to end guarantor liability under the Companies Act-has not been issued. The plea seeks an interim stay on further asset sales pending clarification, and the court has issued notice to banks with a deadline for response. News - Wed, 05 Feb 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=32962