Supreme Court · 1999 INSC 194 · Decided 20 April 1999
Allahabad Bank ETC. ETC. v. Bengal Paper Mills CO. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1999 INSC 194 · [1999] 2 S.C.R. 750
- Case number
- CIVIL APPEAL No. 4191/1991
- Decided
- 20 April 1999
- Bench
- S.P. BHARUCHA, R.C. LAHOTI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
Companies Act, 1956/Companies (Court) Rules, 1959 : Section 4471 Rule 273-Winding up ordered by a Company Judge-Official Liquidator ordered to auction assets and properties of the company after advertising in C newspapers-Assets and properties valued at Rs. 1.5 Crores and sold at the said before Division Bench on the ground of irregularities in sale­ Contention that valuation report of the assets of the company was not disclosed to the appellants-Lease hold land in company's possession had . D not been considered-Advertisements for sale should have been given all -over
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