https://www.taxtmi.com/caselaws?id=97512 The court held that liquidators in a voluntary winding up did not require court sanction to sell company assets. Emphasizing the language of the Companies Act, the court interpreted sections 457 and 512, distinguishing between court-sanctioned winding up and voluntary winding up scenarios. Relying on previous company legislation, the court sanctioned the sale under section 518 of the Companies Act, 1956, citing the benefits to the company and its members. No order on costs was made as the parties had already agreed. en-us Mon, 25 Mar 1957 00:00:00 +0530 Tue, 17 Jan 2012 10:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97512 The court held that liquidators in a voluntary winding up did not require court sanction to sell company assets. Emphasizing the language of the Companies Act, the court interpreted sections 457 and 512, distinguishing between court-sanctioned winding up and voluntary winding up scenarios. Relying on previous company legislation, the court sanctioned the sale under section 518 of the Companies Act, 1956, citing the benefits to the company and its members. No order on costs was made as the parties had already agreed. Case-Laws Companies Law Mon, 25 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97512