Delhi Stock Exchange Association Ltd. vs Ujala Leasing Ltd.
Conduct of auction or sale by court: Company court custodian of properties of company in liquidation-Company’s interest was supreme in every auction, Acceptance of higher price in interest of creditors, workmen and company-A company court was the custodian of the properties of the company in liquidation. The court’s endeavour was always to sell the company’s properties a [LexDoc Id : 423708]