Supreme Court · 2008 INSC 572 · Decided 2 May 2008
M.V. Janardhan Reddy v. Vijaya Bank & ANR.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 572 · [2008] 7 S.C.R. 520
- Case number
- CIVIL APPEAL No. 3201/2008
- Decided
- 2 May 2008
- Bench
- C.K. THAKKER, D.K. JAIN (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Constitution; Companies Act
Headnote
Companies Act, 1956 - Company in liquidation - Sale of properties by way of auction - Grant of permission, subject c to confirmation by company court - Auction sale - Confirmation of, by Recovery Officer- Held: Not correct - Order • passed by officer having no authority of law has no effect - for whom such order is made nor imposes any obligation on the opposite D party against whom it was passed - Parties were aware about the condition that sale was subject to confirmation by court - Thus, Recovery Officer could not confirm the sale - He did ... j •• not have power -
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)