https://www.taxtmi.com/caselaws?id=353050 The court held that the Official Liquidator was liable to refund an amount of Rs. 6,01,34,307/- along with interest to the applicant. It clarified that the payment made by Awas Samiti should not be treated under the Memorandum of Understanding and directed the Official Liquidator to refund the amount. The court supervised the sale process of the land and emphasized the need to clear the claims of the company in liquidation promptly. Additionally, notices were issued to other companies involved to ensure transparency and prevent unjust enrichment. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 27 Dec 2017 08:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353050 The court held that the Official Liquidator was liable to refund an amount of Rs. 6,01,34,307/- along with interest to the applicant. It clarified that the payment made by Awas Samiti should not be treated under the Memorandum of Understanding and directed the Official Liquidator to refund the amount. The court supervised the sale process of the land and emphasized the need to clear the claims of the company in liquidation promptly. Additionally, notices were issued to other companies involved to ensure transparency and prevent unjust enrichment. Case-Laws Companies Law Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353050