https://www.taxtmi.com/caselaws?id=112727 The appeal challenging the Company Court's authority to appoint a provisional liquidator with the power to sell properties, including those held by other companies linked to alleged fraudulent activities, was dismissed. The Court affirmed the statutory powers of the provisional liquidator under the Companies Act, allowing for the sale of company assets. The Court's directions for investigation and asset sale were upheld, emphasizing the protection of stakeholders' interests in winding-up cases. en-us Mon, 15 Dec 2008 00:00:00 +0530 Fri, 21 Nov 2014 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112727 The appeal challenging the Company Court's authority to appoint a provisional liquidator with the power to sell properties, including those held by other companies linked to alleged fraudulent activities, was dismissed. The Court affirmed the statutory powers of the provisional liquidator under the Companies Act, allowing for the sale of company assets. The Court's directions for investigation and asset sale were upheld, emphasizing the protection of stakeholders' interests in winding-up cases. Case-Laws Companies Law Mon, 15 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112727