Supreme Court · 2008 INSC 787 · Decided 9 July 2008
FCS Software Solutions LTD. v. La Medical Devices LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 787 · [2008] 10 S.C.R. 479
- Case number
- CIVIL APPEAL No. 4271/2008
- Decided
- 9 July 2008
- Bench
- C.K. THAKKER, D.K. JAIN (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
Headnote
Company law: Liquidation - Sale of properties of liquidated company - Tender notice - Bid of appellant of Rs. 1. 47 crores was high- c est and accepted - Meanwhile bids received of higher amounts - On application by other bidders, Company Judge ordered re-sale of properties fixing reserve 10 crores - • Opportunity given to appellant to raise its bid - Appellant ada- mant in getting property for Rs. 1.47 crores - Acceptance of D bid of respondent no. 3 for Rs. 3. 5 crores - Challenge against - Held: The earlier tender notice did not state valuation of movable and immovable
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