https://www.taxtmi.com/caselaws?id=169303 The Supreme Court found that the trustees committed fraud by not disclosing the appellants' higher offer, deeming their actions unjustified. The Court determined the appellants' offer to be bona fide, contrary to the Division Bench's ruling. As the property sale permission was obtained through fraud, the purchasers' bona fides were deemed irrelevant. Consequently, the Supreme Court allowed the appeal, nullified the previous order, and instructed the High Court to solicit new offers from both parties, with the property to be sold to the highest bidder not less than Rs. 19,40,000. The trustees were ordered to pay Rs. 10,000 in costs to the appellants. en-us Thu, 22 Feb 1996 00:00:00 +0530 Mon, 13 Apr 2015 15:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169303 The Supreme Court found that the trustees committed fraud by not disclosing the appellants' higher offer, deeming their actions unjustified. The Court determined the appellants' offer to be bona fide, contrary to the Division Bench's ruling. As the property sale permission was obtained through fraud, the purchasers' bona fides were deemed irrelevant. Consequently, the Supreme Court allowed the appeal, nullified the previous order, and instructed the High Court to solicit new offers from both parties, with the property to be sold to the highest bidder not less than Rs. 19,40,000. The trustees were ordered to pay Rs. 10,000 in costs to the appellants. Case-Laws Indian Laws Thu, 22 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169303