M/S Sherali Khan Mohamed Manekia vs State Of Maharashtra & Ors

The Supreme Court addressed the issue of whether a Court Receiver continues in office after the disposal of an appeal until formally discharged. The Court held that the Receiver remains in office and must fulfill all obligations until a specific discharge order is issued, emphasizing the need for clarity in the discharge process. The Court overturned the Bombay High Court's order deeming the Receiver discharged post-appeal, thereby reinforcing the principle that a Receiver's duties persist until explicitly concluded by the court.