Allowed
Krs Agro Pvt. Ltd. v. M/s Rupa Steels Ltd. (In Liqn)
Telangana HCCOMPA/1063/2013
Case brief
AI extract
What is this about?
On an application by an unsuccessful tenderer, the court held that since the bid was not accepted, the election money deposit (E.M.D.) was required to be refunded. The Official Liquidator was directed to arrange for the refund within four weeks.
What did the court decide?
The Official Liquidator was directed to refund the E.M.D. of Rs. 27,40,900/- to the petitioner within four weeks.