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2004 (2) TMI 369

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..... on by Judge s Summons under section 457(1) of the Companies Act, 1956 for obtaining the order of the court. The other side has not filed reply to the application nor to the affidavit filed by the Official Liquidator in support thereof. 2. Basera Cement Limited was ordered to be wound up under the order of the court dated 8-2-2002 in Company Petition No. 38/2000 and the Official Liquidator atta .....

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..... r section 457 of the Act, 1956, (1)to initiate or defend any suit, prosecution, or other legal proceeding, civil or criminal, in the name and on behalf of the Company; (2)to sell the immovable and movable property and actionable claims of the company by public auction or private contract, with power to transfer the whole thereof to any person or body corporate, or to sell the same in parcels; .....

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