https://www.taxtmi.com/caselaws?id=97734 In a winding-up sale, confirmation depends chiefly on whether the price fetched is adequate and whether creditor interests are protected; on the facts noted, the auction price was treated as inadequate and the sale was set aside, with a fresh sale contemplated. The statutory right of appeal under the Companies Act was treated as substantive, while the forum and conditions for hearing the appeal were held to be procedural; the objection based on the Mysore High Court Act and the absence of a separate Government notification was rejected, and maintainability was upheld. en-us Wed, 17 Aug 1960 00:00:00 +0530 Tue, 17 Jan 2012 18:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97734 In a winding-up sale, confirmation depends chiefly on whether the price fetched is adequate and whether creditor interests are protected; on the facts noted, the auction price was treated as inadequate and the sale was set aside, with a fresh sale contemplated. The statutory right of appeal under the Companies Act was treated as substantive, while the forum and conditions for hearing the appeal were held to be procedural; the objection based on the Mysore High Court Act and the absence of a separate Government notification was rejected, and maintainability was upheld. Case-Laws Companies Law Wed, 17 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97734