MOHAMMAD SHAFA-AT KHAN vs NATIONAL CAPITAL TERRITORY OF DELHI &ORS

The Supreme Court addressed the dismissal of a revision petition by the Delhi High Court regarding the attachment of properties belonging to M/s Habib Investments Ltd. under the Indian Companies Act, 1956. The Court held that the appellants had no locus standi to file the revision petition, but directed the concerned Court to facilitate the sale of attached properties to satisfy the creditors' claims. The appeal was disposed of with instructions for the lower court to work out modalities for the sale of properties to ensure creditors are paid.