( 1 ) BOTH these appeals are filed against the order dated 29-1-1998 passed by the learned company judge dismissing c. a. No. 64 of 1997 (in co. P. No. 17 of 1989 ). 1. 1. O. s. a. No. 6 of 1998 is filed by bpl limited, the purchaser of the assets of inter modal transport technology system (karnataka) limited, being aggrieved by the rejection of co. A. No. 64 of 1997, filed by ksiidc limited. 1. 2. O. s. a. No. 7 of 1998 is filed by RAJ kotak, an ex-director of inter modal transport technology system (karnataka) limited. He has not challenged the order dismissing co. A. No. 64 of 1997, but contending that the company court ought have held that the sale in favour of bpl limited, was void even on the ground of irregularities in the sale. He has also challenged the following observations recorded by the learned company judge in the course of the order: (i) that the company and its directors have made every effort to nullify the sale by filing writ petitions repeatedly and such, conduct will not entitle them to any indulgence in the hands of the court; and (ii) that the process of sale of the assets of the company by ksiidc and the purchase by bpl is proper and doe