2019 (8) TMI 533

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....hil Jhunjhunwala, Adv. For The SAIL : Mr. Sarathi Dasgupta, Adv. And Mr. Arijit Basu, Adv. For The O/L : Mr. Ranajit Chowdhury, Adv. ORDER The Court : Mr. Dasgupta, learned advocate appears on behalf of Steel Authority of India Limited (SAIL). He submits, his client has filed affidavit but there is no objection thereto. He draws attention to two disclosures in his client's affidavit. First, i....

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.... Construction Co. Ltd.), relevant text of which is reproduced below:- "The judgment-debtor is in liquidation and the official liquidator has represented to the decree-holder that he holds meagre funds to the credit of the company (in liquidation) and such funds may not be enough to meet the dues of the company (in liquidation) which stand higher in priority than the judgment-debtor's claim. ....