https://www.taxtmi.com/caselaws?id=97451 The court considered an application under section 460(6) of the Companies Act, 1956, regarding an auction sale of a property. Despite a subsequent higher offer, the court confirmed the bid of the highest offeror. The court emphasized that the confirmation of an auction sale should not be overturned solely based on a subsequent higher bid without evidence of fraud. As fraud was not established and the original bidders had the opportunity to revise their bid, the court dismissed the application to set aside the confirmation order, directing each party to bear their own costs. en-us Tue, 30 Oct 1956 00:00:00 +0530 Mon, 16 Jan 2012 17:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97451 The court considered an application under section 460(6) of the Companies Act, 1956, regarding an auction sale of a property. Despite a subsequent higher offer, the court confirmed the bid of the highest offeror. The court emphasized that the confirmation of an auction sale should not be overturned solely based on a subsequent higher bid without evidence of fraud. As fraud was not established and the original bidders had the opportunity to revise their bid, the court dismissed the application to set aside the confirmation order, directing each party to bear their own costs. Case-Laws Companies Law Tue, 30 Oct 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97451