https://www.taxtmi.com/caselaws?id=172218 Suppression bars relief only when the undisclosed fact is material to the merits of the claim; a prior suit withdrawn before the writ was heard did not, on these facts, justify rejection of the petition. A sale by a State Financial Corporation under Section 29 of the State Financial Corporations Act, 1951 must be bona fide, fair and reasonable, with adequate publicity and a real opportunity for bidders to participate. On the stated facts, the short tender period, holiday timing, unexplained procedural departures, falling valuations and premature payment by the purchaser indicated unfairness, rendering the sale invalid and liable to be set aside. en-us Wed, 17 Mar 2004 00:00:00 +0530 Mon, 07 Dec 2015 19:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172218 Suppression bars relief only when the undisclosed fact is material to the merits of the claim; a prior suit withdrawn before the writ was heard did not, on these facts, justify rejection of the petition. A sale by a State Financial Corporation under Section 29 of the State Financial Corporations Act, 1951 must be bona fide, fair and reasonable, with adequate publicity and a real opportunity for bidders to participate. On the stated facts, the short tender period, holiday timing, unexplained procedural departures, falling valuations and premature payment by the purchaser indicated unfairness, rendering the sale invalid and liable to be set aside. Case-Laws Indian Laws Wed, 17 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172218