https://www.taxtmi.com/caselaws?id=111919 SC held the auction sale valid and refused to recall the confirmation. The auction had adequate publicity in widely circulated newspapers, and prospective bidders should have participated; objections filed after the court confirmation (30-7-2003) are ordinarily not permitted except for limited grounds such as proven fraud or collusion. The Court found no material showing the assets were treated as scrap or that the valuer so considered them, and concluded there was no fraud or collusion. Therefore the confirmed sale stands. en-us Tue, 12 Aug 2008 00:00:00 +0530 Tue, 04 Nov 2025 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111919 SC held the auction sale valid and refused to recall the confirmation. The auction had adequate publicity in widely circulated newspapers, and prospective bidders should have participated; objections filed after the court confirmation (30-7-2003) are ordinarily not permitted except for limited grounds such as proven fraud or collusion. The Court found no material showing the assets were treated as scrap or that the valuer so considered them, and concluded there was no fraud or collusion. Therefore the confirmed sale stands. Case-Laws Companies Law Tue, 12 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111919