Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Case Laws - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
  • Head Notes
  • Citation
Party Name: ?
Party name / Appeal No.
Law:
---- All Laws----
  • ---- All Laws----
  • GST
  • Income Tax
  • Benami Property
  • Customs
  • Corporate Laws
  • Securities / SEBI
  • Insolvency & Bankruptcy
  • FEMA
  • Law of Competition
  • PMLA
  • Service Tax
  • Central Excise
  • CST, VAT & Sales Tax
  • Wealth tax
  • Indian Laws
Courts: ?
Select Court or Tribunal
---- All Courts ----
  • ---- All Courts ----
  • Supreme Court - All
  • Supreme Court
  • SC Orders / Highlights
  • High Court
  • Appellate Tribunal
  • Tribunal
  • Appellate authority for Advance Ruling
  • Advance Ruling Authority
  • National Financial Reporting Authority
  • Competition Commission of India
  • ANTI-PROFITEERING AUTHORITY
  • Commission
  • Central Government
  • Board
  • DISTRICT/ SESSIONS Court
  • Commissioner / Appellate Authority
  • Other
Situ: ?
State Name or City name of the Court
Landmark: ?
Where case is referred in other cases
---- All Cases ----
  • ---- All Cases ----
  • Referred in >= 3 Cases
  • Referred in >= 4 Cases
  • Referred in >= 5 Cases
  • Referred in >= 10 Cases
  • Referred in >= 15 Cases
  • Referred in >= 25 Cases
  • Referred in >= 50 Cases
  • Referred in >= 100 Cases
From Date: ?
Date of order
To Date:
TMI Citation:
Year
  • Year
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
  • 1934
  • 1933
  • 1932
  • 1931
  • 1930
Volume
  • Volume
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
TMI
Example : 2024 (6) TMI 204
By Case ID:

When case Id is present, search is done only for this

Sort By: ?
Even if Sort by Date is selected, exact match will be shown on the top.
RelevanceDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      Case Laws
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      No Records Found

      Case Laws

      Back

      All Case Laws

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        Case Laws

        Back

        All Case Laws

        Showing Results for : Reset Filters
        Case ID :

        📋
        Contents
        Note

        Note

        Note

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        <h1>Court overturns bid approval due to payment failure, orders new tenders & prioritizes workers' claims</h1> <h3>Nuziveedu Seeds Ltd. Versus Official Liquidator, High Court</h3> Nuziveedu Seeds Ltd. Versus Official Liquidator, High Court - [2007] 75 SCL 280 (MAD.) Issues Involved:1. Confirmation of the highest offer of Rs. 140 crores by Thiru T.S.R. Khannaiyann.2. Adequacy of opportunity given to other bidders before accepting the highest offer.3. Directions to the official liquidator regarding the claims of workers, lessees, creditors, etc.Detailed Analysis:Issue 1: Confirmation of the highest offer of Rs. 140 crores by Thiru T.S.R. KhannaiyannThe court examined whether the learned company judge was correct in confirming the highest offer of Rs. 140 crores made by Thiru T.S.R. Khannaiyann. The court noted that the highest bidder, T.S.R. Khannaiyann, was directed to pay the balance amount of Rs. 133.70 crores in three installments. However, the first installment of Rs. 13.37 crores was not paid by the stipulated date of December 8, 2004. The court observed that although Khannaiyann cited the appeal and stay order as reasons for non-payment, the stay was granted only on December 23, 2004, which was after the due date. Additionally, the court found that Khannaiyann's cheque for the first installment was dishonored, and subsequent attempts to rectify this also failed. Therefore, the court concluded that the highest bidder did not fulfill the conditions stipulated by the Company Court.Issue 2: Adequacy of opportunity given to other biddersThe court addressed whether adequate opportunity was given to all other bidders before accepting the highest offer. It was noted that only two bidders, T.S.R. Khannaiyann and M/s. Nuziveedu Seeds Ltd., actively participated in the auction. The court found that there was no information indicating that all other participants were duly informed about the opportunity to increase their bids beyond Rs. 135 crores. The court emphasized that considering the nature and extent of the property, it was essential to afford adequate opportunity to all intending bidders to secure a good price. The court found the grievances expressed by the appellants in both appeals reasonable and acceptable. Consequently, the court set aside the order of the Company Judge dated November 24, 2004, and directed the official liquidator to call for fresh tenders through fresh publication in leading newspapers.Issue 3: Directions to the official liquidator regarding the claims of workers, lessees, creditors, etc.The court provided specific directions to the official liquidator concerning the claims of various stakeholders. Upon confirmation of the sale by the Company Court, the official liquidator was directed to disburse the amount among the eligible workers on a priority basis, treating their claims as the first claim before settling other creditors. The court also addressed the claims of lessees and other creditors, directing that their applications be considered and orders passed subject to their eligibility. The court further directed that the official liquidator return the earnest money deposit paid by T.S.R. Khannaiyann after adjusting the amount payable to the bank for cheque return charges.Conclusion:The court allowed the original side appeals with the above directions and ordered the official liquidator to proceed with fresh tenders. The claims of workers were to be prioritized, and other creditors' claims were to be settled based on eligibility. The stay petitions and vacate stay petitions were closed accordingly.

        Topics

        ActsIncome Tax
        No Records Found