2004 (2) TMI 369

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....Singhi for the Respondent. ORDER 1. This is an application by Judge's Summons under section 457(1) of the Companies Act, 1956 for obtaining the order of the court. The other side has not filed reply to the application nor to the affidavit filed by the Official Liquidator in support thereof. 2. Basera Cement Limited was ordered to be wound up under the order of the court dated 8-2-2002 in ....

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....g powers shall be exercised by the Official Liquidator under section 457 of the Act, 1956, (1)to initiate or defend any suit, prosecution, or other legal proceeding, civil or criminal, in the name and on behalf of the Company; (2)to sell the immovable and movable property and actionable claims of the company by public auction or private contract, with power to transfer the whole thereof to a....