Supreme Court Orders Fresh Auction of Metallurgical Coke: LMJ International Ltd. vs. Dankuni Steels Limited (2017)
Can a court accept a bid in an auction if the offered price, after deducting taxes, falls below the reserve price? The Supreme Court of India addressed this question in a recent case concerning the sale of metallurgical coke. This case highlights the importance of ensuring fair value in court-ordered auctions. The judgment was delivered […]