Rules

Part III- 165. Sale to be subject to sanction and to confirmation by Tribunal

Part III

SALE BY COMPANY LIQUIDATOR

165. 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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