https://www.taxtmi.com/caselaws?id=104705 The Court found no valid reason to set aside the auction due to a procedural irregularity in the advertisement as the defect was rectified without causing any actual loss. It upheld the Sale Committee's decision to fix a higher upset price based on a valuation report to benefit stakeholders. The Court directed the Sale Committee to quash previous proceedings, disclose crucial property information in future advertisements, and assess the impact of such information on the property's value to prevent future disputes. en-us Fri, 31 Mar 2000 00:00:00 +0530 Thu, 01 Mar 2012 10:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104705 The Court found no valid reason to set aside the auction due to a procedural irregularity in the advertisement as the defect was rectified without causing any actual loss. It upheld the Sale Committee's decision to fix a higher upset price based on a valuation report to benefit stakeholders. The Court directed the Sale Committee to quash previous proceedings, disclose crucial property information in future advertisements, and assess the impact of such information on the property's value to prevent future disputes. Case-Laws Companies Law Fri, 31 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104705