https://www.taxtmi.com/caselaws?id=113237 The High Court of Punjab and Haryana addressed the confirmation of the sale of a company in liquidation, focusing on the bid by M/s Itfak Traders. Despite a higher bid from another party, the Court emphasized the duty to obtain the maximum price for the company's assets. The Court directed the Official Liquidator to seek higher bids to ensure the best outcome for secured creditors and workmen. Further proceedings were scheduled to explore potential higher bids, highlighting the Company Court's responsibility to safeguard the interests of all stakeholders involved. en-us Thu, 07 Oct 2010 00:00:00 +0530 Fri, 04 May 2012 14:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113237 The High Court of Punjab and Haryana addressed the confirmation of the sale of a company in liquidation, focusing on the bid by M/s Itfak Traders. Despite a higher bid from another party, the Court emphasized the duty to obtain the maximum price for the company's assets. The Court directed the Official Liquidator to seek higher bids to ensure the best outcome for secured creditors and workmen. Further proceedings were scheduled to explore potential higher bids, highlighting the Company Court's responsibility to safeguard the interests of all stakeholders involved. Case-Laws Companies Law Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113237