Supreme Court · 2012 INSC 557 · Decided 3 December 2012
Pravin Gada and Another v. Central Bank of India and Others
- Court
- Supreme Court of India
- Citation
- 2012 INSC 557 · [2012] 13 S.C.R. 611
- Case number
- CIVIL APPEAL No. 8658/2012
- Decided
- 3 December 2012
- Bench
- K.S. RADHAKRISHNAN, DIPAK MISRA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
A B Auction Sale - Of the property of company under liquidation - At the behest of the secured creditors - Auction sale confirmed in favour of appellants for Rs. 2. 50 crores - C Set aside on being challenged - Further auction fetching Rs. 6.45 crores also set aside - Sale in favour of Supreme Court passing orders for fresh auction - The highest bid was for Rs. 5.04 crores - Held: The appellants had deposited Rs. 2.50 crores 6 year back and D already invested substantial amount in the property - The highest offer came up to Rs. 5.04 crores at such a distance of time -
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