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Search Results for "e-auction"

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High Court

High Court Allows Writ Petitions by Bank and Auction Purchaser, Quashing DRT Order Setting Aside Auction Sale. DRT Exceeded Jurisdiction by Granting Final Relief in Interim Application Under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Despite Valid Auction Compliance with Rules.

24 Mar 2026

The dispute arose from an order passed by the Debt Recovery Tribunal-III, Mumbai (DRT) setting aside an auction sale conducted by HDFC Bank Limited an...

High Court

High Court Dismisses Writ Petition Challenging Tender Conditions Regarding Security Clearance for Foreign Joint Venture Partner. Court Upholds CIDCO's Requirement for Security Clearance Under Clause 3(t) of Notice Inviting Bids, Finding No Illegality or Procedural Impropriety in the Tender Process Under Article 226 of Constitution of India.

7 Mar 2026

The dispute originated from tender processes initiated by CIDCO for infrastructure development projects in various town planning schemes. The petition...

High Court

High Court Allows Transfer of Winding-Up Proceedings to NCLT Under Companies Act Section 434(1)(c) - Applicant Successfully Seeks Transfer for Corporate Insolvency Resolution Under IBC

3 Feb 2026

The Bombay High Court allowed the transfer of winding-up proceedings against Patheja Forgings & Auto Parts Manufacturing Ltd. to the National Comp...

High Court

Extension of Time for Hotel Construction Without Additional Lease Premium. Court Sets Aside CIDCO’s Termination Notice, Grants Extension for Hotel Project with Waiver of Additional Lease Premium

13 Mar 2025

Arbitrary Action Violates Article 14: The Court held that CIDCO’s actions were arbitrary and violated the principles of equality under Article 1...

High Court

Bombay High Court Quashes Stamp Duty Demand in Auction Case. Court clarifies that market value determined in judicial auctions cannot be independently reassessed by stamp authorities.

23 Oct 2024

The Bombay High Court has quashed a demand notice issued for deficit stamp duty and penalty. The Court held that where a property is sold under a cour...

Supreme Court

Supreme Court Upholds High Court Order: IDBI Bank's Cancellation of Auction Sale Declared Invalid. Appellant-Bank cannot withhold the sale certificate without proper justification; the auction purchaser's non-deposit of balance sale consideration not considered default.

16 Oct 2024

The Supreme Court dismissed IDBI Bank's appeals, holding that the bank was unjustified in canceling the auction sale of a property in Bogaram village,...

High Court

Court Upholds CIDCO's Decision to Cancel Bid for Belapur Plot. Judicial Review Finds No Arbitrariness in CIDCO's Commercial Decision

23 Jul 2024

The proceedings under Article 226 of the Constitution of India challenge the decision by the City and Industrial Development Corporation of Maharashtr...

Supreme Court

Supreme Court Quashes High Bid in Mining Lease e-Auction, Orders Fresh Auction and Penalty. Supreme Court finds error in 140.10% bid to be a genuine mistake, mandates a fresh e-auction while imposing a Rs 3 crore penalty on appellant for lack of due care.

15 Jul 2024

Granted leave to appeal against the judgment of the High Court of Orissa, which dismissed the writ petition of the appellant who had mistakenly placed...

Supreme Court

Supreme Court Directs SEBI to Liquidate Sai Group of Companies' Assets to Refund Investors Comprehensive Mandate Issued for Asset Auction and Investor Refund Process

15 Jul 2024

The petitioners, a family of three, have invoked the jurisdiction of the Supreme Court under Article 32 of the Indian Constitution, seeking several di...

Supreme Court

Supreme Court Allows Appeal in Contempt Case Over Refund of Excess Coal Price and Interest Rate Dispute. The court held that respondents must comply with High Court orders for refund and pay interest at 12% per annum as per Supreme Court precedent, not bank rate, under principles of contempt and restitution.

22 Feb 2024

The dispute originated from the appellant paying a higher price than the notified price in an e-auction for coal conducted by the respondent. After li...

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