2009 (8) TMI 709

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....ali for the Appellant. JUDGMENT M.M. Kumar J. - This appeal filed under section 483 of the Companies Act, 1956, is directed against the order dated 21-11-2008, passed by the learned company judge dismissing the application of the appellant for confirmation of sale in favour of its sister concern namely IIDL Infrastructure Development Ltd. (IIDL). The order of the learned company judge rea....

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....property of the company (in liquidation) namely Plot Nos. 81 and 82, Sector 21, HUDA, Industrial Area, Bhiwani was put to auction by the Official Liquidator in the presence of the secured creditors. The appellant was the highest bidder to the tune of Rs. 15.76 crores which was accepted by the Official Liquidator on the recommendation of the secured creditors. The appellant has claimed that the IID....