Supreme Court of India
Manoj I Naik &associates v. Official Liquidator
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From the headnote
Companies Act, 1956 - Auction sale of properties owned by liquidated company - Price fixation - Judicial intervention - Held: When properties of a company under liquidation are sold, there has to be a proper auction, a fair one - It must fetch the maximum price - It takes care of statutory dues, dues of the workmen and the credi~ors - It has its own public character - In any case, it cannot be allowed to be sold for a song. Ram and Shyam Company v. State of Haryana 1985 (1) Suppl. SCR 541 : 1985 (3) SGC 267; Committee of Management of Pachaiyappa's Trust v. Official Trustee of Madras and
Authorities it was built on
- 2009 Meerut Development Authority v. Association of Management Studies & Anr.
- 1986 Chenchu Rami Reddy & Anr. v. Government of Andhra Pradesh & Ors.
- 1985 Ram and Shyam Company v. State of Haryana and Ors.
- 1993 The Committee of Management of Panchaiyappa's Tr Ust v. Official Trustee of Madras and Another
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