https://www.taxtmi.com/caselaws?id=459592 The HC confirmed the sale of a company-in-liquidation's assets to M/s. Godha Realtors for Rs. 45,90,00,000, rejecting applications to either sell the property in parts or defer the sale. The Court found no substantial evidence against the auction process and emphasized the necessity of timely confirmation to prevent asset devaluation. The Official Liquidator was authorized to transfer possession to the purchaser, reinforcing the adherence to legal procedures under the Companies Act. en-us Mon, 02 Apr 2012 00:00:00 +0530 Thu, 19 Dec 2024 16:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459592 The HC confirmed the sale of a company-in-liquidation's assets to M/s. Godha Realtors for Rs. 45,90,00,000, rejecting applications to either sell the property in parts or defer the sale. The Court found no substantial evidence against the auction process and emphasized the necessity of timely confirmation to prevent asset devaluation. The Official Liquidator was authorized to transfer possession to the purchaser, reinforcing the adherence to legal procedures under the Companies Act. Case-Laws Companies Law Mon, 02 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459592