https://www.taxtmi.com/caselaws?id=310030 A confirmed auction sale could not be set aside where the objections were not shown to have been validly authorised by all respondents, were later withdrawn, and the respondents accepted the excess amount arising from the sale. Their conduct amounted to waiver, acquiescence and estoppel, because a party cannot adopt inconsistent positions after benefiting from the transaction. On these facts, the High Court's interference with the confirmed sale was unsustainable and the setting aside of the auction sale was wrongful. en-us Thu, 13 Sep 2018 00:00:00 +0530 Wed, 04 Oct 2023 07:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310030 A confirmed auction sale could not be set aside where the objections were not shown to have been validly authorised by all respondents, were later withdrawn, and the respondents accepted the excess amount arising from the sale. Their conduct amounted to waiver, acquiescence and estoppel, because a party cannot adopt inconsistent positions after benefiting from the transaction. On these facts, the High Court's interference with the confirmed sale was unsustainable and the setting aside of the auction sale was wrongful. Case-Laws Indian Laws Thu, 13 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310030