https://www.taxtmi.com/caselaws?id=109634 A transparent sale process for company assets in liquidation, supported by expert valuation, public notice, and inter se negotiations before a sale committee, should not be reopened merely because a tenderer later offers a higher price. Where all tenderers were given a fair opportunity to improve bids and the best bid emerged through the committee process, a belated enhancement application is improper because it would unsettle the completed sale and turn the court into an auction forum. The late bid was rejected and the highest bid approved. en-us Thu, 17 Jul 2003 00:00:00 +0530 Wed, 11 Apr 2012 11:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109634 A transparent sale process for company assets in liquidation, supported by expert valuation, public notice, and inter se negotiations before a sale committee, should not be reopened merely because a tenderer later offers a higher price. Where all tenderers were given a fair opportunity to improve bids and the best bid emerged through the committee process, a belated enhancement application is improper because it would unsettle the completed sale and turn the court into an auction forum. The late bid was rejected and the highest bid approved. Case-Laws Companies Law Thu, 17 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109634