https://www.taxtmi.com/caselaws?id=168112 A writ challenge to a secured-asset sale need not be rejected for alternate remedy where the petition was already admitted, protected by interim order, and left pending until the statutory appeal period expired. The High Court may then examine the dispute on merits. The sale was also liable to be set aside because the process lacked fairness and transparency: no fresh publicity or tenders were issued after a long delay, the sale proceeded on an old sole tender, and disclosure was not prompt. Equitable relief was preserved by conditioning interference on compensation to the auction purchaser. en-us Mon, 08 Mar 2010 00:00:00 +0530 Mon, 12 Jan 2015 11:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168112 A writ challenge to a secured-asset sale need not be rejected for alternate remedy where the petition was already admitted, protected by interim order, and left pending until the statutory appeal period expired. The High Court may then examine the dispute on merits. The sale was also liable to be set aside because the process lacked fairness and transparency: no fresh publicity or tenders were issued after a long delay, the sale proceeded on an old sole tender, and disclosure was not prompt. Equitable relief was preserved by conditioning interference on compensation to the auction purchaser. Case-Laws Income Tax Mon, 08 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168112