https://www.taxtmi.com/caselaws?id=113950 The court set aside the auction sale conducted by the Recovery Officer and ordered a fresh sale with the official liquidator's involvement. The auction purchaser was entitled to a refund, and a new valuation by court-appointed valuers was mandated for a fair price. Procedural formalities were to be followed, ensuring transparency and fairness in the sale of the company's assets. All original side appeals were allowed, overturning the single judge's order. en-us Thu, 17 Sep 2009 00:00:00 +0530 Fri, 31 Oct 2014 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113950 The court set aside the auction sale conducted by the Recovery Officer and ordered a fresh sale with the official liquidator's involvement. The auction purchaser was entitled to a refund, and a new valuation by court-appointed valuers was mandated for a fair price. Procedural formalities were to be followed, ensuring transparency and fairness in the sale of the company's assets. All original side appeals were allowed, overturning the single judge's order. Case-Laws Companies Law Thu, 17 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113950