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2010 (3) TMI 668 - HIGH COURT OF CALCUTTACompromise and arrangement - Held that:- The committee of management under the special officer appointed by the order dated 2-7-2008 will continue only for the purpose of guarding the assets of the company (in liquidation) till such time that the Official Liquidator takes possession thereof. The special officer heading the committee of management will forthwith call upon the Official Liquidator to take possession of all assets of the company (in liquidation). The special officer, who has meticulously prepared a report that has been placed in Court, will tally the list of inventories prepared at the time that he had taken possession and will make over all assets of the company (in liquidation) matching such list of inventories to the Official Liquidator as expeditiously as possible, and preferably within a period of four days from the date of receipt of an authenticated copy of this order.
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