https://www.taxtmi.com/caselaws?id=110046 The court recalled the orders confirming the sale to Surinder Kumar and directed a re-auction of the assets due to a substantially higher bid of Rs. 1.50 crores. The court emphasized the duty to secure the best price for the creditors and workmen, ensuring transparency and integrity in court auctions. Expenses for the re-auction were to be covered by secured creditors, and deposits made by parties were to be promptly refunded. The decision aimed to safeguard the interests of all stakeholders involved in the liquidation process. en-us Mon, 25 Apr 2005 00:00:00 +0530 Fri, 13 Apr 2012 15:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110046 The court recalled the orders confirming the sale to Surinder Kumar and directed a re-auction of the assets due to a substantially higher bid of Rs. 1.50 crores. The court emphasized the duty to secure the best price for the creditors and workmen, ensuring transparency and integrity in court auctions. Expenses for the re-auction were to be covered by secured creditors, and deposits made by parties were to be promptly refunded. The decision aimed to safeguard the interests of all stakeholders involved in the liquidation process. Case-Laws Companies Law Mon, 25 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110046