Rules and Regulations of India

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Section 273 – THE COMPANIES (COURT) RULES, 1959

273. Procedure at sale

Every sale shall be held by the Official Liquidator, or, if the Judge shall so direct, by an agent or an auctioneer approved by the Court, and subject to such terms and conditions, if any, as may be approved by the Court. All sales shall be made by public auction or by inviting sealed tenders or in such manner as the Judge may direct.

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