https://www.taxtmi.com/caselaws?id=113892 Intervention in company liquidation sale proceedings was refused where the assets had been marketed over a long period through public notice, valuation, a sale committee and negotiations with notified bidders, and the appellant had not participated at the relevant stage or proved a timely offer received by the Official Liquidator. In the absence of fraud, collusion or any irregularity in the sale process, a belated and only marginally higher offer was insufficient to disturb a confirmed sale already approved to secure the best possible price for creditors. The challenge to the sale proceedings therefore failed, and the confirmed bid in favour of the successful bidder was not interfered with. en-us Wed, 12 Aug 2009 00:00:00 +0530 Mon, 03 Nov 2014 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113892 Intervention in company liquidation sale proceedings was refused where the assets had been marketed over a long period through public notice, valuation, a sale committee and negotiations with notified bidders, and the appellant had not participated at the relevant stage or proved a timely offer received by the Official Liquidator. In the absence of fraud, collusion or any irregularity in the sale process, a belated and only marginally higher offer was insufficient to disturb a confirmed sale already approved to secure the best possible price for creditors. The challenge to the sale proceedings therefore failed, and the confirmed bid in favour of the successful bidder was not interfered with. Case-Laws Companies Law Wed, 12 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113892