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Companies Law - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Liquidation proceedings - Right of secured creditors - Both the ...

Companies Law

February 7, 2023

Liquidation proceedings - Right of secured creditors - Both the submissions on behalf of the applicant that the Official Liquidator ought to have taken physical possession of the subject assets, despite the secured creditor having initiated steps to enforce the security interest therein, and before sale respondent No. 3 must have obtained the permission of the Company Court, fell through. - HC

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