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    <title>2008 (11) TMI 742 - COMPANY LAW BOARD CHENNAI BENCH</title>
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    <description>The court allowed the application seeking approval to sell the property of a company to protect the interests of secured creditors. The extraordinary general meeting&#039;s resolutions were deemed valid, with the court directing the company to conduct an open auction for the sale to ensure transparency and compliance with norms. The respondents were permitted to participate in the auction, and the matter was scheduled for further hearing.</description>
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