https://www.taxtmi.com/caselaws?id=216796 The court upheld the legitimacy of the court sale of AOP (India) Limited's assets in liquidation, with the highest bid of Rs.4.50 crore accepted. Allegations of fraudulent bidding practices were found, leading to refunds for the bidders. Landlords claimed unpaid rents, and the court directed the sale of assets with stricter controls. The court emphasized the need for proper handling of assets and stricter controls to prevent abuse. The official liquidator was instructed to proceed with the sale and ensure asset preservation, while measures were taken to prevent further misconduct in the process. en-us Fri, 14 Sep 2012 00:00:00 +0530 Sat, 19 Jan 2013 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216796 The court upheld the legitimacy of the court sale of AOP (India) Limited's assets in liquidation, with the highest bid of Rs.4.50 crore accepted. Allegations of fraudulent bidding practices were found, leading to refunds for the bidders. Landlords claimed unpaid rents, and the court directed the sale of assets with stricter controls. The court emphasized the need for proper handling of assets and stricter controls to prevent abuse. The official liquidator was instructed to proceed with the sale and ensure asset preservation, while measures were taken to prevent further misconduct in the process. Case-Laws Companies Law Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216796