https://www.taxtmi.com/caselaws?id=110872 The Supreme Court reviewed the sale of assets of Punjab Wireless Systems Ltd. to Winsome Yarns Ltd. The initial sale confirmation to Winsome was set aside in favor of SUNGROUP offering a higher price. The Court found the price adequacy acceptable, dismissed fraud allegations, and clarified workmen's interests representation. It affirmed the Company Judge's jurisdiction to set aside sales but found no grounds in this case. The Court settled the matter under Article 142, directing payments to Winsome and the Official Liquidator, and an ex gratia payment to the Employees' Union for workers, confirming the sale of Item No. 17 to SUNGROUP. en-us Tue, 08 Aug 2006 00:00:00 +0530 Thu, 22 May 2014 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110872 The Supreme Court reviewed the sale of assets of Punjab Wireless Systems Ltd. to Winsome Yarns Ltd. The initial sale confirmation to Winsome was set aside in favor of SUNGROUP offering a higher price. The Court found the price adequacy acceptable, dismissed fraud allegations, and clarified workmen's interests representation. It affirmed the Company Judge's jurisdiction to set aside sales but found no grounds in this case. The Court settled the matter under Article 142, directing payments to Winsome and the Official Liquidator, and an ex gratia payment to the Employees' Union for workers, confirming the sale of Item No. 17 to SUNGROUP. Case-Laws Companies Law Tue, 08 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110872