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2017 (11) TMI 1979 - HC - Companies LawAcceptance of highest bid in respect of sale of the assets - auction of the assets - HELD THAT:- Considering the fact that nobody has come forward to object to the sale of the assets of Lot No.3 to M/s Satguru Cement Pvt. Ltd. and also taking note of the circumstances which are disclosed in the aforesaid OLR, I am of the opinion that prayer made in the OLR deserves to be allowed. Application are disposed of by confirming the sale of the assets of Lot. No.3 in favour of Satguru Cement Pvt. Ltd. with a direction to the said auction purchaser to deposit the balance sale consideration of ₹ 73,37,000/- after adjustment of AMD of ₹ 12 Lacs within a period of 30 days from today. On deposit of the said amount the O.L. will handover the assets of Lot No.3 to M/s Satguru Cement Pvt. Ltd. - application disposed off.
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