https://www.taxtmi.com/caselaws?id=109283 A company court cannot, in winding-up proceedings, enforce a disputed private agreement of sale or direct execution of a sale deed in favour of one claimant, because its role is to preserve the company's assets rather than adjudicate inter se contractual rights. That application was therefore declined. Where the Board had found no feasible rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 and recommended winding up, the court accepted the recommendation, admitted the company petition, and ordered winding up with the Official Liquidator to take charge of the company's assets and affairs. en-us Tue, 03 Aug 2004 00:00:00 +0530 Sat, 07 Apr 2012 13:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109283 A company court cannot, in winding-up proceedings, enforce a disputed private agreement of sale or direct execution of a sale deed in favour of one claimant, because its role is to preserve the company's assets rather than adjudicate inter se contractual rights. That application was therefore declined. Where the Board had found no feasible rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 and recommended winding up, the court accepted the recommendation, admitted the company petition, and ordered winding up with the Official Liquidator to take charge of the company's assets and affairs. Case-Laws Companies Law Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109283