Supreme Court · 2013 INSC 153 · Decided 12 March 2013
The Official Liquidator, U.P. and Uttarakhand v. Allahabad Bank and ORS.
- Court
- Supreme Court of India
- Citation
- 2013 INSC 153 · [2013] 4 S.C.R. 207
- Case number
- CIVIL APPEAL No. 2511/2013
- Decided
- 12 March 2013
- Bench
- H.L. DATTU, DIPAK MISRA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution; Companies Act
Headnote
A B Recovery of Debts Due to Banks and Financial Institutions Act, 1993 - s.30 - Auction/sale by Recovery Officer t.mder 1993 Act - In a winding-up proceedings, C appointment of Official Liquidator by Company Court - Officia! Liquidator's challenge to the auction/sale before Company Court Court to entertain the challenge - Held: 1993 Act is a complete code in itself and the tribunal (ORT) has exclusive jurisdiction for the purpose o of sale of the properties for realization of the dues to the Banks and financiql institutions - But at the time of auction/sale, it is required to
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