https://www.taxtmi.com/caselaws?id=213366 The court dismissed the application for accepting belated payments by the auction-purchaser, citing the duty to secure the maximum price for the property. The substantial increase in the land's value during the delay period justified this decision, leading to the rejection of the late payments. The money deposited by the auction-purchaser was ordered to be returned by the Official Liquidator. en-us Mon, 04 Jul 2011 00:00:00 +0530 Sat, 19 May 2012 20:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213366 The court dismissed the application for accepting belated payments by the auction-purchaser, citing the duty to secure the maximum price for the property. The substantial increase in the land's value during the delay period justified this decision, leading to the rejection of the late payments. The money deposited by the auction-purchaser was ordered to be returned by the Official Liquidator. Case-Laws Companies Law Mon, 04 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213366