Supreme Court · 2005 INSC 481 · Decided 5 October 2005
Rajasthan Financial Corporation and ANR. v. The Official Liquidator and ANR.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 481 · [2005] SUPP. 3 S.C.R. 1073
- Case number
- CIVIL APPEAL No. 4055/1998
- Decided
- 5 October 2005
- Bench
- S.N. VARIAVA, TARUN CHATTERJEE, P.K. BALASUBRAMANYAN (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 529A, 529, 530
Headnote
FINANCIAL CORPORATION AND ANR. A v. THE OFFICIAL LIQUIDATOR AND ANR. OCTOBER 5, 2005 [S.N. VARIAVA, TARUN CHATTERJEE AND P.K. B BALASUBRAMANYAN, JJ.) State Financial Corporation Act, 1951: Sections 3, 29, 31, 32 and 46. Company-in-liquidation-Rights of secured creditors to sell properties C praying for permission to realize the securities and apportion net sale proceeds between them and another secured creditor-Undertaking given to pay over dues of workmen on the D same being adjudicated by the Official Liquidator out of the net sale proceeds of the properties of the said
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