https://www.taxtmi.com/caselaws?id=108381 The High Court of Rajasthan granted permission to a bank to sell assets of a company as a secured creditor under section 446(2) of the Companies Act, 1956. The bank was allowed to avoid winding up proceedings subject to various conditions such as asset valuation, setting upset prices, providing wide notice for sale, obtaining court confirmation, and depositing sale proceeds with the Official Liquidator. en-us Mon, 27 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 13:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108381 The High Court of Rajasthan granted permission to a bank to sell assets of a company as a secured creditor under section 446(2) of the Companies Act, 1956. The bank was allowed to avoid winding up proceedings subject to various conditions such as asset valuation, setting upset prices, providing wide notice for sale, obtaining court confirmation, and depositing sale proceeds with the Official Liquidator. Case-Laws Companies Law Mon, 27 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108381