https://www.taxtmi.com/caselaws?id=108617 In winding-up sales of company assets, the majority held that a materially interested person could challenge confirmation of sale even if not impleaded in the later company application, where an earlier appellate order had left contentions open and effective adjudication required hearing all concerned parties. The majority also held that the sale confirmation should not stand because the Company Court decided the matter without hearing the appellant and without fully addressing the alleged higher offer and the objective of securing the best price for creditors. The order was set aside and the matter remitted for fresh consideration; a dissent held that the appellant lacked maintainable standing as a non-party. en-us Thu, 05 Dec 2002 00:00:00 +0530 Tue, 03 Apr 2012 10:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108617 In winding-up sales of company assets, the majority held that a materially interested person could challenge confirmation of sale even if not impleaded in the later company application, where an earlier appellate order had left contentions open and effective adjudication required hearing all concerned parties. The majority also held that the sale confirmation should not stand because the Company Court decided the matter without hearing the appellant and without fully addressing the alleged higher offer and the objective of securing the best price for creditors. The order was set aside and the matter remitted for fresh consideration; a dissent held that the appellant lacked maintainable standing as a non-party. Case-Laws Companies Law Thu, 05 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108617