https://www.taxtmi.com/caselaws?id=262973 The appeals were allowed, setting aside the High Court judgments and orders challenging the sale confirmation of the appellant company's assets. The Court directed a fresh auction process with proper valuation and reserve price, emphasizing adherence to legal procedures and regulations. The Official Liquidator's conduct in auctioning assets without adequate valuation and reserve price, coupled with procedural irregularities and lack of transparency, led to the decision to overturn the previous judgments and ensure a fair auction process moving forward. en-us Tue, 11 Aug 2015 00:00:00 +0530 Mon, 24 Aug 2015 09:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262973 The appeals were allowed, setting aside the High Court judgments and orders challenging the sale confirmation of the appellant company's assets. The Court directed a fresh auction process with proper valuation and reserve price, emphasizing adherence to legal procedures and regulations. The Official Liquidator's conduct in auctioning assets without adequate valuation and reserve price, coupled with procedural irregularities and lack of transparency, led to the decision to overturn the previous judgments and ensure a fair auction process moving forward. Case-Laws Companies Law Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262973