https://www.taxtmi.com/caselaws?id=102272 In winding up proceedings, a company's property remains its property, with the liquidator holding it under court supervision. A sale by the official liquidator is, unless the court orders otherwise, subject to confirmation by the court, and that confirmation serves to guard against irregularity, fraud and inadequate price. A direction to sell and execute the sale deed does not remove this statutory safeguard or prevent creditors and contributories from objecting to the manner of sale before confirmation. The text states that the appellant was entitled to be heard against confirmation, the company judge's view was erroneous, and the matter was remitted for fresh consideration on confirmation of the sale. en-us Wed, 29 Jul 1992 00:00:00 +0530 Tue, 14 Feb 2012 12:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102272 In winding up proceedings, a company's property remains its property, with the liquidator holding it under court supervision. A sale by the official liquidator is, unless the court orders otherwise, subject to confirmation by the court, and that confirmation serves to guard against irregularity, fraud and inadequate price. A direction to sell and execute the sale deed does not remove this statutory safeguard or prevent creditors and contributories from objecting to the manner of sale before confirmation. The text states that the appellant was entitled to be heard against confirmation, the company judge's view was erroneous, and the matter was remitted for fresh consideration on confirmation of the sale. Case-Laws Companies Law Wed, 29 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102272