https://www.taxtmi.com/caselaws?id=108059 The court confirmed the sale of a company's assets in liquidation, accepting the highest offer of Rs. 65 lakhs. Despite objections on asset valuation and sale price adequacy, the court found the valuation credible and the price reasonable. The court noted that the applicant had opportunities to object but chose not to participate actively. Additionally, the court addressed delays in depositing sale consideration, ordering the purchaser to pay simple interest. Ultimately, the court rejected objections from ex-management and financial corporations, confirming the sale and instructing the official liquidator to proceed with possession transfer to the purchaser. en-us Wed, 24 Feb 1999 00:00:00 +0530 Wed, 28 Mar 2012 15:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108059 The court confirmed the sale of a company's assets in liquidation, accepting the highest offer of Rs. 65 lakhs. Despite objections on asset valuation and sale price adequacy, the court found the valuation credible and the price reasonable. The court noted that the applicant had opportunities to object but chose not to participate actively. Additionally, the court addressed delays in depositing sale consideration, ordering the purchaser to pay simple interest. Ultimately, the court rejected objections from ex-management and financial corporations, confirming the sale and instructing the official liquidator to proceed with possession transfer to the purchaser. Case-Laws Companies Law Wed, 24 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108059