https://www.taxtmi.com/caselaws?id=285058 The High Court allowed the Official Liquidator to proceed with the disposal of immovable properties of a company in liquidation. After conducting auctions, Recycling Solutions Pvt. Ltd. emerged as the highest bidder at Rs. 8.37 Crores for Lot No. I. The bid was deemed adequate and proper by the Official Liquidator and legal counsel, leading to its acceptance. Upon depositing the remaining amount, Recycling Solutions Pvt. Ltd. will receive possession of the property and execute a sale deed. Other bidders' EMD amounts will be returned, and late fees were imposed on a late bidder. en-us Wed, 29 Aug 2018 00:00:00 +0530 Tue, 24 Dec 2019 09:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285058 The High Court allowed the Official Liquidator to proceed with the disposal of immovable properties of a company in liquidation. After conducting auctions, Recycling Solutions Pvt. Ltd. emerged as the highest bidder at Rs. 8.37 Crores for Lot No. I. The bid was deemed adequate and proper by the Official Liquidator and legal counsel, leading to its acceptance. Upon depositing the remaining amount, Recycling Solutions Pvt. Ltd. will receive possession of the property and execute a sale deed. Other bidders' EMD amounts will be returned, and late fees were imposed on a late bidder. Case-Laws Indian Laws Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285058