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Gujarat HC Allows Reauction After No Offers Received Despite Advertisement

Case Law Details

Case Name
Official Loquidator Vs NA (Gujarat High Court)
Date of Judgement/Order
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Advertisement Official Loquidator Vs NA (Gujarat High Court) The report before the Gujarat High Court sought multiple directions regarding the sale of assets of a company in liquidation. It recorded that, following advertisements issued on 09.09.2025, the Official Liquidator did not receive any offer from intending purchasers. The Liquidator requested permission to fix the upset price and earnest money deposit (EMD) as recommended by secured creditors, to issue fresh advertisements in specified editions of “Gujarat Samachar” and “Times of India,” to conduct an e-auction through Rail...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,775

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