https://www.taxtmi.com/caselaws?id=98140 An order confirming or refusing to confirm a liquidator's sale in winding up proceedings is judicial in character because the court must assess compliance with sanctioned conditions and the fairness of the sale to creditors and other s. Section 202 of the Indian Companies Act, 1913 confers a substantive right of appeal from winding up orders and does not make that right dependent on clause 15 of the Letters Patent; the reference to the same manner and conditions governs procedure only. Confirmation may be set aside where the auction process is unfair or likely to yield an undervalue, and a resale may then be directed to secure proper realisation of company assets. en-us Thu, 24 Jan 1963 00:00:00 +0530 Mon, 25 Aug 2014 20:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98140 An order confirming or refusing to confirm a liquidator's sale in winding up proceedings is judicial in character because the court must assess compliance with sanctioned conditions and the fairness of the sale to creditors and other s. Section 202 of the Indian Companies Act, 1913 confers a substantive right of appeal from winding up orders and does not make that right dependent on clause 15 of the Letters Patent; the reference to the same manner and conditions governs procedure only. Confirmation may be set aside where the auction process is unfair or likely to yield an undervalue, and a resale may then be directed to secure proper realisation of company assets. Case-Laws Companies Law Thu, 24 Jan 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98140