https://www.taxtmi.com/caselaws?id=219458 A confirmed sale by private treaty, once concluded and acted upon, should not ordinarily be recalled by a co-ordinate Bench after the purchaser has altered its position. In this matter, the recall order was held unsustainable in its original form, but appellate intervention was considered appropriate to mould relief rather than simply restore the earlier order. The court recognised that private treaty sales may be permissible, though public auction is generally the better course where demarcation and resale efforts have failed. The transaction was preserved on revised payment terms to protect the estate, the workers and the purchaser, with default consequences including re-possession and public auction. en-us Tue, 04 Dec 2012 00:00:00 +0530 Thu, 13 Dec 2012 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219458 A confirmed sale by private treaty, once concluded and acted upon, should not ordinarily be recalled by a co-ordinate Bench after the purchaser has altered its position. In this matter, the recall order was held unsustainable in its original form, but appellate intervention was considered appropriate to mould relief rather than simply restore the earlier order. The court recognised that private treaty sales may be permissible, though public auction is generally the better course where demarcation and resale efforts have failed. The transaction was preserved on revised payment terms to protect the estate, the workers and the purchaser, with default consequences including re-possession and public auction. Case-Laws Companies Law Tue, 04 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219458