https://www.taxtmi.com/caselaws?id=288915 Permission was granted for sale of two tug vessels by private treaty through the Official Liquidator after the court found the valuation reports reliable and the purchaser's offer reasonable. The company was in liquidation, so the assets had to be dealt with under the Official Liquidator's supervision. The crew's objection was confined to distribution of the sale proceeds, and that issue was deferred for later consideration. The court therefore allowed the sale while keeping the distribution of proceeds and any declaration of dividend pending. en-us Wed, 14 Feb 2018 00:00:00 +0530 Sun, 05 Jul 2020 15:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288915 Permission was granted for sale of two tug vessels by private treaty through the Official Liquidator after the court found the valuation reports reliable and the purchaser's offer reasonable. The company was in liquidation, so the assets had to be dealt with under the Official Liquidator's supervision. The crew's objection was confined to distribution of the sale proceeds, and that issue was deferred for later consideration. The court therefore allowed the sale while keeping the distribution of proceeds and any declaration of dividend pending. Case-Laws Companies Law Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288915