https://www.taxtmi.com/caselaws?id=109414 The court denied permission to sell securities of the company in liquidation immediately, opting for a public auction to maximize asset value due to a fixed reserve price. Despite various offers received, including a deferred payment proposal, concerns over commitment led to the rejection of the highest offer and dismissal of the application. The court emphasized the need to consider better offers to avoid undervaluing the company's assets, directing the Official Liquidator to act in the creditors' and company's best interests in compliance with the law. en-us Fri, 05 Sep 2003 00:00:00 +0530 Mon, 09 Apr 2012 18:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109414 The court denied permission to sell securities of the company in liquidation immediately, opting for a public auction to maximize asset value due to a fixed reserve price. Despite various offers received, including a deferred payment proposal, concerns over commitment led to the rejection of the highest offer and dismissal of the application. The court emphasized the need to consider better offers to avoid undervaluing the company's assets, directing the Official Liquidator to act in the creditors' and company's best interests in compliance with the law. Case-Laws Companies Law Fri, 05 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109414