https://www.taxtmi.com/caselaws?id=96888 The Court dismissed the appeal in a case concerning the sale of business assets through a tender process. The Official Receiver initially accepted the highest tender but later allowed an extension for the submission of fresh offers when another bidder expressed willingness to increase their offer. The Court distinguished the case from prior precedent, emphasizing that the advertisement did not guarantee acceptance of the highest tender. The appellant was granted a week to submit a new tender within a specified timeline, with no costs awarded. en-us Tue, 01 Dec 1942 00:00:00 +0630 Wed, 11 Jan 2012 18:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96888 The Court dismissed the appeal in a case concerning the sale of business assets through a tender process. The Official Receiver initially accepted the highest tender but later allowed an extension for the submission of fresh offers when another bidder expressed willingness to increase their offer. The Court distinguished the case from prior precedent, emphasizing that the advertisement did not guarantee acceptance of the highest tender. The appellant was granted a week to submit a new tender within a specified timeline, with no costs awarded. Case-Laws Companies Law Tue, 01 Dec 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96888