Tag Archives: reserve price

Sale of property of liquidating company without proper publicity or fixing of reserve price of assets is illegal

Sale of property of company-in-liquidation in auction without proper publicity through advertisement or fixing any reserve price for assets could not be sustained particularly when property put in auction was of much higher valuation than price at which it was sold SUPREME COURT OF INDIA Tech Invest India (P.) Ltd. v. Assam Power & Electricals… Read More »