Supreme Court · 2014 INSC 741 · Decided 28 October 2014
Manoj I Naik &associates v. Official Liquidator
- Court
- Supreme Court of India
- Citation
- 2014 INSC 741 · [2014] 13 S.C.R. 1
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 34782/2012
- Decided
- 28 October 2014
- Bench
- DIPAK MISRA, R.F. NARIMAN, UDAY UMESH LALIT (3-judge bench)
- Outcome
- Hearing Adjourned
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
Companies Act, 1956 - Auction sale of properties C 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 dues, dues of the workmen and the credi~ors - It D 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; E Committee of Management of Pachaiyappa's Trust v. Official
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)