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2016 (7) TMI 766 - HC - Companies LawWinding up orders - Held that:- The applicant company is entitled to stay outside winding up and realize of the mortgaged assets of the company in winding up as per the Act of 2002. It is however directed that the official liquidator as a representative of the workers of the company in liquidation would be associated with the sale of the immovable assets of the company in winding up-now in possession with the applicant-company under the Act of 2002. The applicant company should inform the official liquidator about the date of sale by registered post at least 10 days prior thereto. And on the sale of assets in issue Section 13(9) of the Act of 2002 would attract.
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