https://www.taxtmi.com/caselaws?id=112171 The court set aside the impugned order canceling the appellant's accepted bid for the Barachakia Unit. The appellant was not considered a defaulter for non-payment due to stay orders. Re-advertisement without canceling the bid was deemed unjustified. The requirement of a high earnest money deposit was found unusual. The rise in property value during litigation did not justify canceling the bid. The court distinguished the present case from a prior decision cited by the respondents. The appellant was directed to pay interest on delayed payments. en-us Mon, 21 May 2007 00:00:00 +0530 Thu, 26 Apr 2012 18:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112171 The court set aside the impugned order canceling the appellant's accepted bid for the Barachakia Unit. The appellant was not considered a defaulter for non-payment due to stay orders. Re-advertisement without canceling the bid was deemed unjustified. The requirement of a high earnest money deposit was found unusual. The rise in property value during litigation did not justify canceling the bid. The court distinguished the present case from a prior decision cited by the respondents. The appellant was directed to pay interest on delayed payments. Case-Laws Companies Law Mon, 21 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112171