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of <h1>Sales Register Form No. 142M tracks property sales in company liquidations under Company Court Rules, 1959.</h1> The Sales Register Form No. 142M, under the Company Court Rules, 1959, is utilized for documenting property sales during company liquidations managed by the Official Liquidator. It includes details such as the company petition number, asset description, estimated value, sale date, method (public or private), purchaser details, highest bid, sale price, and confirmation date. It also records financial transactions like advance payments, interest realized, sale costs, and mortgage adjustments. The form ensures systematic tracking of sales and related financial activities during liquidation processes.
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