https://www.taxtmi.com/caselaws?id=110118 The Court confirmed the sale of land and assets in favor of HPCL for Rs. 239 crores, emphasizing fetching the maximum price and public interest. The actions of the Sale Committee were ratified, including payments to various parties. HPCL's preferential treatment as a government entity was acknowledged, with the sale confirmed based on the highest bid. Late entry charges were deemed non-refundable to ensure fairness. Serious concerns were raised about theft and mismanagement of company assets, prompting calls for investigations to improve asset protection. en-us Mon, 18 Jul 2005 00:00:00 +0530 Fri, 13 Apr 2012 17:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110118 The Court confirmed the sale of land and assets in favor of HPCL for Rs. 239 crores, emphasizing fetching the maximum price and public interest. The actions of the Sale Committee were ratified, including payments to various parties. HPCL's preferential treatment as a government entity was acknowledged, with the sale confirmed based on the highest bid. Late entry charges were deemed non-refundable to ensure fairness. Serious concerns were raised about theft and mismanagement of company assets, prompting calls for investigations to improve asset protection. Case-Laws Companies Law Mon, 18 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110118