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2011 (1) TMI 1153 - HC - Companies LawLiquidation – secured creditors - application filed by a secured creditor of the company in liquidation, seeking a direction to the official liquidator to jointly advertise for the sale of the assets of the company - a company which supplied boiler to the company in liquidation, seeking to exclude the same from the list of properties sought to be sold by the secured creditor – Held that:- applicant manufactured two sets of turbo generators and supplied them to the company in liquidation. The company had taken possession lawfully. The title in the goods had passed onto the buyer. Inasmuch as title as well as possession had passed on to the buyer, the applicant herein has no right to claim any lien over the goods. As an unsecured creditor, the applicant has only one remedy viz., to prove their claim before the official liquidator and wait in the queue, objection of the applicant herein to the sale of the turbo generators supplied by them to the company in liquidation, cannot be sustained and their applications under section 9 dismissed
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