Bombay High Court Allows Official Liquidator's Application for Sale of Company Assets in Winding-Up — Rejection of Higher Non-Compliant Offer Upheld. Court holds that strict compliance with earnest money deposit conditions is essential under Rule 272 of the Companies (Court) Rules, 1959, and the Official Liquidator's decision to accept a lower but compliant offer is valid.
1 Dec 2025The case involves an application by the Official Liquidator seeking approval for the sale of assets of M/s. Navinon Ltd. (In Liquidation) to the appli...





