https://www.taxtmi.com/caselaws?id=332788 The appellate court allowed the appellant's appeal under Section 483 of the Companies Act, 1956, granting an extension to deposit the remaining bid amount with interest within seven days. The court overturned the Company Judge's decision, emphasizing timely compliance with auction terms and conditions. Failure to meet the deadline would result in actions by the respondents regarding the property, potentially leading to re-auction. The judgment highlighted the discretion of the Company Judge in extending payment facilities based on market circumstances and auction implications. en-us Mon, 29 Aug 2016 00:00:00 +0530 Mon, 26 Sep 2016 10:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332788 The appellate court allowed the appellant's appeal under Section 483 of the Companies Act, 1956, granting an extension to deposit the remaining bid amount with interest within seven days. The court overturned the Company Judge's decision, emphasizing timely compliance with auction terms and conditions. Failure to meet the deadline would result in actions by the respondents regarding the property, potentially leading to re-auction. The judgment highlighted the discretion of the Company Judge in extending payment facilities based on market circumstances and auction implications. Case-Laws Companies Law Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332788