https://www.taxtmi.com/caselaws?id=104419 The court granted permission for the sale of a company's assets to a specific respondent despite objections from the official liquidator. The court emphasized the legal framework governing asset sales in liquidation, highlighting the role of the official liquidator in decision-making processes to protect creditor interests. While acknowledging concerns, the court allowed the sale based on valuation and creditor consensus, stressing the need for transparency and fairness in the sale process. The judgment underscores the importance of involving the official liquidator in asset sale decisions to ensure compliance with legal provisions and safeguard creditor interests. en-us Thu, 19 Nov 1998 00:00:00 +0530 Wed, 29 Feb 2012 10:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104419 The court granted permission for the sale of a company's assets to a specific respondent despite objections from the official liquidator. The court emphasized the legal framework governing asset sales in liquidation, highlighting the role of the official liquidator in decision-making processes to protect creditor interests. While acknowledging concerns, the court allowed the sale based on valuation and creditor consensus, stressing the need for transparency and fairness in the sale process. The judgment underscores the importance of involving the official liquidator in asset sale decisions to ensure compliance with legal provisions and safeguard creditor interests. Case-Laws Companies Law Thu, 19 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104419