Rule - 165, Part-III, The Companies (Winding Up) Rules, 2020
Rule - 165, Part-III, The Companies (Winding Up) Rules, 2020
Sale to be subject to sanction and to confirmation by Tribunal
Unless the Tribunal otherwise orders, no property or asset belonging to company which is being wound up by the Tribunal shall be sold by the Company Liquidator without the previous sanction of the Tribunal, and every sale shall be subject to confirmation by the Tribunal.
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