Judicial approval for liquidation sales required; Official Liquidator disposals must receive judicial confirmation before completion. Property of a company under court-ordered winding-up may not be sold by the Official Liquidator without the previous sanction of the Court, and every sale shall be subject to confirmation by the Court, unless the Court otherwise orders.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Judicial approval for liquidation sales required; Official Liquidator disposals must receive judicial confirmation before completion.
Property of a company under court-ordered winding-up may not be sold by the Official Liquidator without the previous sanction of the Court, and every sale shall be subject to confirmation by the Court, unless the Court otherwise orders.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.