https://www.taxtmi.com/caselaws?id=126949 The appeal against the Company Court's decision regarding the disposal of assets in a liquidation tender was dismissed. The Court emphasized the importance of maintaining the integrity of the sealed tender process conducted by the Official Liquidator. It was held that accepting belated offers, especially after tenders were opened, could prejudice other participants and disrupt the fairness of the process. The Court concluded that the Company Judge's decision to reject the belated offer was justified to uphold the established tender procedures and prevent potential challenges from other participants. en-us Thu, 24 Jun 2010 00:00:00 +0530 Wed, 06 Feb 2013 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126949 The appeal against the Company Court's decision regarding the disposal of assets in a liquidation tender was dismissed. The Court emphasized the importance of maintaining the integrity of the sealed tender process conducted by the Official Liquidator. It was held that accepting belated offers, especially after tenders were opened, could prejudice other participants and disrupt the fairness of the process. The Court concluded that the Company Judge's decision to reject the belated offer was justified to uphold the established tender procedures and prevent potential challenges from other participants. Case-Laws Companies Law Thu, 24 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126949