https://www.taxtmi.com/caselaws?id=159669 The Supreme Court upheld the Corporation's sale of property through private negotiation to M/s. Gumraj Plantations, finding it justified due to the appellant's failure to pay despite extensions. The Court emphasized the importance of fairness and public interest in selling public property, citing precedents. Allegations of extraneous influence were dismissed for lack of evidence. The decision to negotiate with the next highest bidder after the appellant's default was deemed fair. The Court concluded that the Corporation's actions were in compliance with principles of fairness and public interest, dismissing the appeal without costs. en-us Tue, 17 Nov 1987 00:00:00 +0530 Fri, 01 Jul 2016 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159669 The Supreme Court upheld the Corporation's sale of property through private negotiation to M/s. Gumraj Plantations, finding it justified due to the appellant's failure to pay despite extensions. The Court emphasized the importance of fairness and public interest in selling public property, citing precedents. Allegations of extraneous influence were dismissed for lack of evidence. The decision to negotiate with the next highest bidder after the appellant's default was deemed fair. The Court concluded that the Corporation's actions were in compliance with principles of fairness and public interest, dismissing the appeal without costs. Case-Laws Companies Law Tue, 17 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159669