https://www.taxtmi.com/caselaws?id=110319 The appeal filed by the managing director of a company under liquidation was deemed incompetent as per the Companies Act, 1956. The objections regarding the valuation report were addressed through a fresh valuation, which found no material for a higher valuation. The auction sale price was confirmed as fair and reasonable, with the court upholding the decision to accept the highest bid. Consequently, the appeal was dismissed based on non-maintainability and the adequacy of the auction sale price, with the court affirming the auction sale. en-us Tue, 04 Jan 2005 00:00:00 +0530 Mon, 16 Apr 2012 12:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110319 The appeal filed by the managing director of a company under liquidation was deemed incompetent as per the Companies Act, 1956. The objections regarding the valuation report were addressed through a fresh valuation, which found no material for a higher valuation. The auction sale price was confirmed as fair and reasonable, with the court upholding the decision to accept the highest bid. Consequently, the appeal was dismissed based on non-maintainability and the adequacy of the auction sale price, with the court affirming the auction sale. Case-Laws Companies Law Tue, 04 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110319