2002 (2) TMI 1213

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....bsp; Paras Sharma for the Applicant. G.K. Garg for the Respondent. ORDER 1. On a winding up petition been filed for winding up of Machhar Textile Mills (P.) Ltd., Bhilwara, this Court, after issuing notices and the same having been published in accordance with rules, vide order dated 17-8-1993, appointed provisional liquidator and issued following directions : "Respondent-company is re....

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.... and possession of all movable and immovable properties and assets of the company; (b)for prohibiting the non-applicant official liquidator to take custody of assets of the company which have already been taken in possession of by the applicant R.F.C. under section 29 on 17-2-1993; (c)for permitting the applicant R.F.C. to remain outside the winding up proceedings and realise its dues indepe....