https://www.taxtmi.com/caselaws?id=103302 The court dismissed the application for confirmation of the sale of a property belonging to a company in liquidation due to non-compliance with the terms and conditions of sale. The court directed the objector to deposit sale expenses and ordered the modification of terms to limit the balance payment period. The earnest money deposited by the auction purchaser was to be refunded or retained for future participation in the auction. Another application challenging the sale was disposed of as infructuous. en-us Fri, 08 Mar 1996 00:00:00 +0530 Wed, 22 Feb 2012 12:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103302 The court dismissed the application for confirmation of the sale of a property belonging to a company in liquidation due to non-compliance with the terms and conditions of sale. The court directed the objector to deposit sale expenses and ordered the modification of terms to limit the balance payment period. The earnest money deposited by the auction purchaser was to be refunded or retained for future participation in the auction. Another application challenging the sale was disposed of as infructuous. Case-Laws Companies Law Fri, 08 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103302