https://www.taxtmi.com/caselaws?id=409943 The Court granted permission to intending purchasers to buy Lot No.4 of a property in liquidation after no other interested party emerged despite multiple sale notices. The Court differentiated the present case from precedents like Action Ispat and Navinchandra Steels, noting the absence of pending transfer applications to the National Company Law Tribunal or revival proceedings by a third party. The Court acknowledged the unique circumstances, including expenses incurred by the Official Liquidator, and allowed the applicants to proceed with the purchase, now re-advertised as Lot No.1. en-us Thu, 15 Jul 2021 00:00:00 +0530 Tue, 20 Jul 2021 10:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409943 The Court granted permission to intending purchasers to buy Lot No.4 of a property in liquidation after no other interested party emerged despite multiple sale notices. The Court differentiated the present case from precedents like Action Ispat and Navinchandra Steels, noting the absence of pending transfer applications to the National Company Law Tribunal or revival proceedings by a third party. The Court acknowledged the unique circumstances, including expenses incurred by the Official Liquidator, and allowed the applicants to proceed with the purchase, now re-advertised as Lot No.1. Case-Laws Companies Law Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409943