Ram Kishun and Ors. vs State of Uttar Pradesh and Ors.
Sale of property by auction-Valuation a question of fact and valuation of property required to be determined fairly and reasonably-Law required a proper valuation report, its acceptance by the authority concerned by application of mind and then fixing the reserve price accordingly [LexDoc Id : 432134]
Rishra Steels Ltd. (In Liquidation) and Deccan Traders (P) Ltd. vs OL and Gourinandan Real Estate (P) Ltd.
Sale of assets of company in liquidation: Marketability of land questioned on basis of notices issued under West Bengal Estate Acquisition Act 1953 after 15 years of winding up-Original status of land in land records on date of alleged vesting not shown, Mere issuance of notices not sufficient ground to raise doubt about marketability-The Supreme Court had passed an order for selling the assets of the company in liquidation. Sale was confirmed in favour of the highest bidder, i.e. t [LexDoc Id : 429100]
