Disposed
Official Liquidator of Elder Pharmaceuticals Ltd. (in Liquidation) v. Puspasen C. Jhaveri. (Petitioner)
Bombay HCOLR/85/2024
Case brief
AI extract
What is this about?
Official Liquidator's Report concerning forfeiture of the highest bidder's earnest money deposit for sale of a company-in-liquidation asset; bidder consented by e-mail to forfeiture, and the report was made absolute.
What did the court decide?
EMD of Rs.4,50,000 deposited by the highest bidder ordered forfeited in terms of prayer clause (a).