https://www.taxtmi.com/caselaws?id=112658 The Court reinstated the original sale order in favor of the appellant, rejecting the legality of allowing a higher bid after sale confirmation. Emphasizing the adequacy of the appellant's bid, more than double the valuation and highest offer, the Court upheld the sanctity of confirmed sales. Scrutinizing the conduct of the parties, the Court found respondent No. 1 lacking in bona fides and restored the original sale order, directing the Official Liquidator to complete the sale formalities for the appellant within two weeks. The appeal was allowed with no costs awarded, and the stay request was denied. en-us Fri, 12 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2014 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112658 The Court reinstated the original sale order in favor of the appellant, rejecting the legality of allowing a higher bid after sale confirmation. Emphasizing the adequacy of the appellant's bid, more than double the valuation and highest offer, the Court upheld the sanctity of confirmed sales. Scrutinizing the conduct of the parties, the Court found respondent No. 1 lacking in bona fides and restored the original sale order, directing the Official Liquidator to complete the sale formalities for the appellant within two weeks. The appeal was allowed with no costs awarded, and the stay request was denied. Case-Laws Companies Law Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112658