Partly allowed
Akola Oil Industris Ltd., Lingam Power and Infrastructure Pvt. Ltd. Hyderabad Thr. Dhantu R. Sharma v. Official Liquidator
Bombay HCCAL/7/2023
Case brief
AI extract
What is this about?
The High Court of Bombay Nagpur Bench granted an extension of three months to the highest bidder to deposit the consideration money for a company auction, conditioned upon an initial 25% deposit.
What did the court decide?
Extension of time for three months granted, subject to depositing 25% of the total bid amount within two weeks.