Supreme Court Dismisses Auction Purchaser's Appeal in Company Liquidation Sale Confirmation Dispute — Sale Set Aside Due to Inadequate Publicity Under Rule 273. Court Holds That Confirmation of Sale by Company Court Requires Independent Judicial Satisfaction of Adequacy of Price, and Auction Confined to Two Bidders Without Public Notice Is Not a Valid Public Auction.
27 Oct 1969The dispute arose from the winding up of Hyderabad Vegetable Products Co. Ltd., where the Official Liquidator and a shareholder applied to the Company...




