https://www.taxtmi.com/caselaws?id=770568 Delhi HC confirmed auction sale of Fortis trademark for Rs 200 crores to purchaser, rejecting objections regarding valuation and auction process. Court clarified that court auctioneer cannot be held liable for GST payment under Section 92 CGST Act, as auctioneer is not a manager of business but merely conducts public auction in execution. GST liability remains with seller or buyer as per applicable laws. Court directed parties to comply with GST laws and stated purchaser becomes trademark owner with rights to seek transfer in trademark registry records upon sale confirmation. en-us Tue, 25 Mar 2025 00:00:00 +0530 Mon, 09 Jun 2025 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770568 Delhi HC confirmed auction sale of Fortis trademark for Rs 200 crores to purchaser, rejecting objections regarding valuation and auction process. Court clarified that court auctioneer cannot be held liable for GST payment under Section 92 CGST Act, as auctioneer is not a manager of business but merely conducts public auction in execution. GST liability remains with seller or buyer as per applicable laws. Court directed parties to comply with GST laws and stated purchaser becomes trademark owner with rights to seek transfer in trademark registry records upon sale confirmation. Case-Laws GST Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770568