https://www.taxtmi.com/caselaws?id=272865 The Supreme Court upheld the High Court's decision to set aside the sale of jewelry for Rs. 14.43 crores due to the absence of a concluded contract. The Court found the trustees did not act reasonably or in good faith, leading to a re-auction of the jewelry to ensure transparency and fairness in the sale process. The Court rejected the bid of Rs. 20.25 crores by a specific respondent, directing a new auction. Appellants were ordered to bear their costs and pay one set of costs to the respondents. en-us Fri, 31 Aug 1979 00:00:00 +0530 Mon, 21 May 2018 18:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272865 The Supreme Court upheld the High Court's decision to set aside the sale of jewelry for Rs. 14.43 crores due to the absence of a concluded contract. The Court found the trustees did not act reasonably or in good faith, leading to a re-auction of the jewelry to ensure transparency and fairness in the sale process. The Court rejected the bid of Rs. 20.25 crores by a specific respondent, directing a new auction. Appellants were ordered to bear their costs and pay one set of costs to the respondents. Case-Laws Indian Laws Fri, 31 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272865