SBI Factors and Commercial Services Ltd. (Now Known as SBI Global Factors Ltd.) v. the Official Liquidator, of M/S. Enkay Texofood Industries Ltd. (in Liquidation)
Case brief
What is this about?
Company Application No. 437 of 2014 was allowed, granting leave to the applicant secured creditors to proceed further in a pending Summary Suit by substituting the Official Liquidator in place of the liquidated company.
What did the court decide?
Leave to proceed further in Summary Suit No.557 of 2000 and to bring the Official Liquidator on record in place of the company.