Legal Consequences of Delay in Court-Sanctioned Sale Payments

Raj Kumar and Co Pvt. Ltd. (In liqn.) Vs Official liquidator (Calcutta High Court) Introduction: Property transactions, whether involving sale or purchase, are guided by fundamental principles that prioritize clarity, transparency, and adherence to natural justice principles. One critical aspect of property transactions is the timely payment of the sale consideration. This article delves deeply into the case of Raj Kumar and Co Pvt. Ltd. (in liqn.) versus the official liquidator in the Calcutta High Court, which revolved around a substantial delay in fulfilling the purchase consideration. The ...