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Jay Electric Wire Corporation ... vs Pravin Gada & Ors on 20 September, 2011 cites

Union Bank Of India vs Official Liquidator H.C. Of Calcutta ... on 26 April, 2000

restricted by the Company Court to participate at the stage of disbursement of the dues. This ex-facie is an incorrect reading of the orders passed by the Company Court. The DRAT has found fault with the Central Bank for having remained absent before the Recovery Officer on 9 August 2006 and 21 August 2006. This absence of the Central Bank at two hearings which took place before the Receiver can furnish no justification whatsoever for the conduct of the sale in a manner which is not consistent with fair dealing. Further, in Union Bank of India v. Official Liquidator6, the Supreme Court has taken cognisance of the fact that a judge must attempt to verify the reliability of a valuation report. The court had stated that "it appears that learned Judge has not applied his mind to the valuation report itself. He has only considered the last figures given in the valuation report which says that total valuation of the property was Rs. 66,19,032/-. Had the Court considered the report it would have immediately noticed that valuation report was not at all reliable.
Supreme Court of India Cites 7 - Cited by 36 - Full Document
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