Official Liquidator duty-bound to take expeditious steps for sale of assets of company

HIGH COURT OF CALCUTTA ARC Holdings Ltd. Versus Deccan Traders (P) Ltd. A.P.O. NOS. 204, 205, 249 & 250 OF 2011 and 224 of 2012 C.P. NO. 519 OF 1989 A.C.O. No. 119 of 2012 AUGUST 14, 2012 JUDGMENT Ashim Kumar Banerjee, J  Three appeals would relate to the company in liquidation. The Appeal No. 224 of 2012 would relate to the appeal of the purchaser Gourinandan Real Estate Private Limited as against the order of the learned Single Judge declining to grant any further clarification on the order of sale while other two appeals being APO No. 204 and 205 of 2011 would relate t...