https://www.taxtmi.com/caselaws?id=795549 Auction disqualification for provident fund default may extend beyond formal corporate separateness where the record shows that a company and its director substantively managed the same enterprise. The notes explain that a director's statutory default may therefore affect the company's eligibility under an auction condition barring provident fund defaulters. They also address judicial review of auction cancellation: a contemporaneously recorded ground concerning public interest, including circumstances indicating bidder collusion, may be considered even if omitted from the cancellation communication, provided procedural fairness is maintained. Common sourcing of earnest money deposits is identified as a relevant circumstance for assessing apparent collusion. en-us Tue, 23 Jun 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795549 Auction disqualification for provident fund default may extend beyond formal corporate separateness where the record shows that a company and its director substantively managed the same enterprise. The notes explain that a director's statutory default may therefore affect the company's eligibility under an auction condition barring provident fund defaulters. They also address judicial review of auction cancellation: a contemporaneously recorded ground concerning public interest, including circumstances indicating bidder collusion, may be considered even if omitted from the cancellation communication, provided procedural fairness is maintained. Common sourcing of earnest money deposits is identified as a relevant circumstance for assessing apparent collusion. Case-Laws Indian Laws Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795549