Disposed
Bank of India v. the Official Liquidator in Liquidationnucleus Chem Oil Private Limited Cin No. U24117MH2001PTC13150
Bombay HCCA/123/2016
Case brief
AI extract
What is this about?
This order addresses possession of liquidated company premises. The High Court permitted the secured creditor, Bank of India, to take physical possession to sell property and recover dues, but only after handing over records to the Official Liquidator and complying with statutory requirements.
What did the court decide?
Bank of India permitted to take physical possession subject to handing over records and complying with Section 529 A of the Companies Act.