https://www.taxtmi.com/caselaws?id=286573 The court upheld the legality and propriety of the auction process conducted by the Liquidator for a plot and building owned by a cooperative bank. It found no irregularities in altering auction conditions, fixing the upset price, or allegations of fraud and collusion. The court deemed the upset price adequate based on valuation reports and dismissed claims of improper modifications to auction conditions. Additionally, the court ruled that the absence of the Joint Registrar during the auction did not invalidate it and rejected claims of lack of shareholder awareness. The writ petitions were dismissed, and interim relief was vacated, allowing for further legal recourse within two weeks. en-us Fri, 08 Nov 2019 00:00:00 +0530 Wed, 04 Mar 2020 11:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286573 The court upheld the legality and propriety of the auction process conducted by the Liquidator for a plot and building owned by a cooperative bank. It found no irregularities in altering auction conditions, fixing the upset price, or allegations of fraud and collusion. The court deemed the upset price adequate based on valuation reports and dismissed claims of improper modifications to auction conditions. Additionally, the court ruled that the absence of the Joint Registrar during the auction did not invalidate it and rejected claims of lack of shareholder awareness. The writ petitions were dismissed, and interim relief was vacated, allowing for further legal recourse within two weeks. Case-Laws Indian Laws Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286573