https://www.taxtmi.com/caselaws?id=334008 A court-approved company liquidation sale may be confirmed where notice is duly published, bids are invited, inter se bidding is held, and the highest offer exceeds the reserve price. Where the secured creditor raises no objection and the record shows no challenge from any other quarter, confirmation of the sale follows, with possession to be delivered after receipt of the full consideration. Unsuccessful bidders are entitled to refund of earnest money, and sale-publication expenses may be paid in priority to other debts. en-us Mon, 17 Oct 2016 00:00:00 +0530 Wed, 02 Nov 2016 12:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334008 A court-approved company liquidation sale may be confirmed where notice is duly published, bids are invited, inter se bidding is held, and the highest offer exceeds the reserve price. Where the secured creditor raises no objection and the record shows no challenge from any other quarter, confirmation of the sale follows, with possession to be delivered after receipt of the full consideration. Unsuccessful bidders are entitled to refund of earnest money, and sale-publication expenses may be paid in priority to other debts. Case-Laws Companies Law Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334008