https://www.taxtmi.com/caselaws?id=103237 The court set aside the order confirming the sale of 6,100 equity shares of Kalinga Sevenska Limited, allowing the appeals. It directed negotiations between the official liquidator, the winning bidder, and the appellants to ensure a fair process that maximizes value for the company and its creditors. The court emphasized the importance of fairness in the sale process and upheld the maintainability of the appeal by a bidder under section 483 of the Companies Act, 1956. en-us Wed, 18 Jan 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103237 The court set aside the order confirming the sale of 6,100 equity shares of Kalinga Sevenska Limited, allowing the appeals. It directed negotiations between the official liquidator, the winning bidder, and the appellants to ensure a fair process that maximizes value for the company and its creditors. The court emphasized the importance of fairness in the sale process and upheld the maintainability of the appeal by a bidder under section 483 of the Companies Act, 1956. Case-Laws Companies Law Wed, 18 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103237