There is a need to maximise the value of an entity: M Veerappa Moily

Then, are the minority shareholders protected?

Does the highest bidder maximise value? This is the objective. It is not the question that you get the maximum money. What is not intended as the main objective is the recovery. What is intended is to maximise the value of an entity. All these things have been driven to the background and we think only in minute monetary terms. 

That is not the purpose. I happened to be the Corporate Affairs Minister when we drafted the Companies Law. This was the objective. Otherwise, there are recovery agents or recovery mechanisms. We tried so many mechanisms and some failed while