2004 (2) TMI 370

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Respondent. ORDER 1. Heard learned counsel for the parties and perused the entire record of the application, its enclosures and the reply thereto filed by the non-applicant. 2. This is an application under section 446(2) of the Companies Act, 1956 and the prayer has been made therein by the applicant to allow it to remain out of winding-up proceedings. 3. The learned counsel for the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... permission to remain out of the winding-up proceedings subject to the following conditions : 1.That the sale of the assets of the company (in liquidation) is to be affected only after it is valued by the registered valuer or by a committee of technical experts. 2.The applicant shall thereafter fix the upset price of the assets of the company (in liquidation). 3.The sale of the assets of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X