2010 (6) TMI 665

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....is preferred against order of the Company Court in C.A.337/10 in C.P.11/2003. The appellant herein is a person who had participated in the tender for disposal of assets of the company in liquidation. With respect to the tender, the Official Liquidator had published notices in 'Malayala Manorama' as well as 'New Indian Express' dailies. 12 sealed tenders were received. The highest among them was Rs....

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....ted offer now made by the appellant could not be accepted because such practice will put other persons who participated in the tender to prejudice and if such offers are accepted that will give room for other persons to approach this Court making further offers, which will lead to an endless process. It is also observed that sanctity of the sale through sealed tenders has to be approved and the pr....