Supreme Court of India

Valji Khimji and Company v. Official Liquidator of Hindustan Nitro Product (gujarat) Ltd. and Ors

Neutral citation

Bench Altamas Kabir and Markandey Ka Tju JJ.

Decided 12 August 2008

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

12 Supreme Court benches have cited this judgment.

From the headnote

Company Jaw: Auction sale of assets of liquidated com pany - After advertisement in well known newspapers having c wide circulation - Highest bid accepted and sale confirmed :..... Subsequent fresh offer by two companies at higher price - Recalling of order of confirmation of sale by High Court - Correctness of - Held: Not correct as there was nothing to show that there was fraud or collusion in auction - sale - Once sale is confirmed, certain rights accrued in favour of auction - purchaser which could not be extinguished except in excep tional case such as fraud.

Where later benches applied it

2024 Celir Llp v. Mr. Sumati Prasad Bafna & Ors. relied on
2023 Eva Agro Feeds Private Limited v. Punjab National Bank and Anr. relied on
2015 B. S. Sheshagiri Setty & Ors. v. State of Karnataka& Ors. relied on
2012 Ram Kishun and Ors. v. State of U.P. and Ors. relied on
2024 V.S. Palanivel v. P. Sriram, Cs, Liquidator, Etc. referred to
2024 Phr Invent Educational Society v. Uco Bank and Others referred to
2023 Rajiv Kumar Jindal and Others v. Bci Staff Colony Residential Welfare Association and Others referred to
2022 K. Kumara Gupta v. Sri Markendaya and Sri Omkareswara Swamy Temple & Ors referred to
2015 Vedicaprocon Private Limited v. Balleshwar Greens Private Limited & Others referred to
2014 Sadashiv Prasad Singh v. Harendar Singh & Ors. referred to
2025 Kolanjiammal (d) Thr Lrs v. The Revenue Divisional Officer Perambalur District and Ors. mentioned
2023 Celir Llp v. Bafna Motors (mumbai) Pvt. Ltd. & Ors. mentioned

Of those, 4 relied on · 6 referred to · 2 mentioned

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