https://www.taxtmi.com/caselaws?id=104722 The Bhavnagar Municipal Corporation's appeal under section 483 of the Indian Companies Act, 1956 against the rejection of its objection to the sale of land by Public Auction was dismissed. The Court found that the Corporation failed to substantiate its objections with necessary documents such as the lease deed, leading to the approval of the auction proceedings. The Court emphasized the importance of proper documentation and upheld the auction 'as is where is and whatever basis' order, denying the appeal and Special Civil Application. The request for an appeal to the Supreme Court and a stay of the order were also rejected. en-us Mon, 24 Apr 2000 00:00:00 +0530 Thu, 01 Mar 2012 11:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104722 The Bhavnagar Municipal Corporation's appeal under section 483 of the Indian Companies Act, 1956 against the rejection of its objection to the sale of land by Public Auction was dismissed. The Court found that the Corporation failed to substantiate its objections with necessary documents such as the lease deed, leading to the approval of the auction proceedings. The Court emphasized the importance of proper documentation and upheld the auction 'as is where is and whatever basis' order, denying the appeal and Special Civil Application. The request for an appeal to the Supreme Court and a stay of the order were also rejected. Case-Laws Companies Law Mon, 24 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104722