The Official Liquidator v. S. Sivakumar
Case brief
What is this about?
Confirmed the sale in a company liquidation matter as the highest bidder paid the entire amount; allowed refund of earnest money.
What did the court decide?
Sale confirmed; refund of EMD of second highest bidder permitted.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Company Application No. 226 of 2024 in C.P. No. 54 of 2015
K.KUMARESH BABU, J.
The learned Official Liquidator has submitted that the highest bidder has paid the entire bid amount and therefore, she would seek confirmation of the sale.
- Recording the same, the sale is confirmed.
- The learned Official Liquidator is permitted to proceed further. The learned Official Liquidator is also permitted to refund the EMD of the second highest bidder that has
been withheld by this Court pursuant to the order dated 29.06.2024.
- Accordingly, the application is closed.
18.10.2024 Maya 1/3
Coram
K. KUMARESH BABU
Case details
As recorded by the court registry
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