https://www.taxtmi.com/caselaws?id=113679 The court withdrew the previous acceptance of the Rs. 50 lakhs offer by Symbiosis Electronics (P.) Ltd. and directed the re-tender of the property to ensure broader participation and the best price realization. The official liquidator was instructed to prepare a draft sale notification, with BIADA's offer pending. The court relied on legal precedents emphasizing the duty to secure an adequate auction price and the conditions for setting aside a confirmed sale. The matter was scheduled for further proceedings on February 4, 2010. en-us Fri, 29 Jan 2010 00:00:00 +0530 Fri, 17 Oct 2014 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113679 The court withdrew the previous acceptance of the Rs. 50 lakhs offer by Symbiosis Electronics (P.) Ltd. and directed the re-tender of the property to ensure broader participation and the best price realization. The official liquidator was instructed to prepare a draft sale notification, with BIADA's offer pending. The court relied on legal precedents emphasizing the duty to secure an adequate auction price and the conditions for setting aside a confirmed sale. The matter was scheduled for further proceedings on February 4, 2010. Case-Laws Companies Law Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113679