https://www.taxtmi.com/caselaws?id=219756 The appeal was dismissed, and the court directed the Official Liquidator to refund the amount deposited by the appellant towards the sale consideration, excluding the Earnest Money Deposit (EMD). The refund would be made without interest and only after the property was sold and the sale price realized. The court emphasized the need to prioritize the interests of the workers and secured creditors and ensure the property fetched the highest possible price through a fresh auction. en-us Wed, 03 Oct 2012 00:00:00 +0530 Wed, 26 Dec 2012 09:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219756 The appeal was dismissed, and the court directed the Official Liquidator to refund the amount deposited by the appellant towards the sale consideration, excluding the Earnest Money Deposit (EMD). The refund would be made without interest and only after the property was sold and the sale price realized. The court emphasized the need to prioritize the interests of the workers and secured creditors and ensure the property fetched the highest possible price through a fresh auction. Case-Laws Companies Law Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219756