https://www.taxtmi.com/caselaws?id=105479 The Court ruled in favor of cancelling the acceptance of the tender due to the purchaser's persistent failure to comply with payment terms, leading to forfeiture of earnest money. Despite multiple extensions and accommodations granted by the Court, the purchaser, Sri Prem Mohan Singh, repeatedly failed to deposit the required amounts within specified timelines. The Court found the reasons provided for non-compliance to be lacking in genuineness and instructed the Official Liquidator to submit a report for re-advertisement of the company's properties for sale. en-us Wed, 25 Jul 2001 00:00:00 +0530 Mon, 05 Mar 2012 17:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105479 The Court ruled in favor of cancelling the acceptance of the tender due to the purchaser's persistent failure to comply with payment terms, leading to forfeiture of earnest money. Despite multiple extensions and accommodations granted by the Court, the purchaser, Sri Prem Mohan Singh, repeatedly failed to deposit the required amounts within specified timelines. The Court found the reasons provided for non-compliance to be lacking in genuineness and instructed the Official Liquidator to submit a report for re-advertisement of the company's properties for sale. Case-Laws Companies Law Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105479