https://www.taxtmi.com/caselaws?id=99918 The court found that the respondent was at fault for not completing the sale transaction as per the agreement, leading to the lapse of the contract. The respondent's claim of financial loss was dismissed as she was deemed responsible for the default. The official liquidator's application was successful, with modifications to the interest calculation. The respondent was ordered to refund the advance amount with specified interest rates, as per the court's ruling in favor of the official liquidator. en-us Thu, 17 Jul 1980 00:00:00 +0530 Mon, 30 Jan 2012 15:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99918 The court found that the respondent was at fault for not completing the sale transaction as per the agreement, leading to the lapse of the contract. The respondent's claim of financial loss was dismissed as she was deemed responsible for the default. The official liquidator's application was successful, with modifications to the interest calculation. The respondent was ordered to refund the advance amount with specified interest rates, as per the court's ruling in favor of the official liquidator. Case-Laws Companies Law Thu, 17 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99918