Allowed
Idbi Trusteeship Services Ltd. v. Spanco Telesystems and Solution Ltd.
Bombay HCCA/61/2017
Case brief
AI extract
What is this about?
Allowed an application by IDBI Trusteeship Services Ltd. directing it to keep the Official Liquidator informed before taking any steps under the SARFAESI Act, requiring one week prior intimation.
What did the court decide?
Application allowed and disposed of in terms of prayer clause (a), directing applicant to inform Official Liquidator one week in advance before taking SARFAESI steps.