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1993 (9) TMI 293 - SC - Companies LawCustody of company’s property - Sale to be subject to confirmation by court - Held that:- If the amount was not already deposited in any interest earning deposit or securities, the learned company judge or the official liquidator is free to deposit the amount, till the auction is finalised. In the event of the appellant not becoming the highest bidder, the equities in respect of his deposit regarding interest may be worked out and adjusted by the learned company judge.
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