https://www.taxtmi.com/caselaws?id=110004 The court set aside the confirmed sale of assets of Punjab Wireless Systems Limited in favor of M/s. Winsome Yarns Ltd. due to inadequacy of the price and failure to consider workmen's interests. The official liquidator was directed to re-auction the assets, with re-auction expenses to be borne by Sun Group Enterprises Pvt. Ltd. The auction purchaser could recover interest paid on the loan from the interveners. en-us Wed, 30 Mar 2005 00:00:00 +0530 Fri, 13 Apr 2012 13:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110004 The court set aside the confirmed sale of assets of Punjab Wireless Systems Limited in favor of M/s. Winsome Yarns Ltd. due to inadequacy of the price and failure to consider workmen's interests. The official liquidator was directed to re-auction the assets, with re-auction expenses to be borne by Sun Group Enterprises Pvt. Ltd. The auction purchaser could recover interest paid on the loan from the interveners. Case-Laws Companies Law Wed, 30 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110004