The applicant, a successful auction purchaser, filed an application seeking a refund of interest paid on delayed balance sale consideration and interest on the Earnest Money Deposit (EMD) initially submitted for a private sale, which was later adjusted for a public auction.
Ananthapuram Co-operative Society Ltd. (applicant) purchased M/s Royal SUT Hospital through an e-auction as part of the liquidation process of M/s Trivandrum International Health Services Limited. The applicant initially paid Rs. 2,89,53,000/- as Earnest Money Deposit (EMD) for a private sale, which was later considered as EMD for a public auction at the applicant's request. After becoming the successful bidder, the society paid the balance consideration.
…Ananthapuram Co-operative Society Ltd. sent a…
The applicant deposited Rs. 2,89,53,000/- as…
Sign in to view related legal provisions.
The applicant, a successful auction purchaser, filed an application seeking a refund of interest paid on delayed balance sale consideration and interest on the Earnest Money Deposit (EMD) initially submitted for a private sale, which was later adjusted for a public auction.
Ananthapuram Co-operative Society Ltd. (applicant) purchased M/s Royal SUT Hospital through an e-auction as part of the liquidation process of M/s Trivandrum International Health Services Limited. The applicant initially paid Rs. 2,89,53,000/- as Earnest Money Deposit (EMD) for a private sale, which was later considered as EMD for a public auction at the applicant's request. After becoming the successful bidder, the society paid the balance consideration.
…Ananthapuram Co-operative Society Ltd. sent a…
The applicant deposited Rs. 2,89,53,000/- as…
Sign in to view related legal provisions.