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2008 (8) TMI 561 - SC - Companies LawWinding up – Powers of Liquidators - Held that:- Ends of justice would be served if we direct that sale in favour of first respondent be confirmed with condition that the first respondent will pay an additional amount of rupees three crores. It will be over and above the payment which has been made by him. Such payment will be made within a period of three months. If the payment is not made as per this order, the first respondent will not be entitled to claim any right on the basis of the bid made and accepted on January 31, 2001 and fresh auction will be conducted as per the order of the company judge. The appeal is disposed of accordingly.
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