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2011 (8) TMI 964 - HIGH COURT OF KERALAWinding up - re-sale notice – auction - Company Judge refused to confirm the sale conducted by the Official Liquidator in the winding up proceedings – Held that:- Judge has referred to the objections of the ex-managing director of the company that the sale is conducted in haste and he opposed the request for confirmation on the ground that if more time had been given a better offer would have come. mere fact that it is a re-sale would not mean that the Official Liquidator would be absolved from his responsibility to act in conformity with law. If 15 days' notice is warranted as per the provisions of CPC which becomes through Rule 6 of the Companies (Court) Rules then the Official Liquidator should have given 15 days' notice. Company Judge was correct in refusing to confirm the sale having regard to the interest of the relevant parties. Appeal dismissed.
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