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Corporate Law | Supreme Court: 10% EMD Limit Does Not Bar Forfeiture of Further Auction Deposit

30 Sept 2026 · 30 Sept 2026By CA Vijayakumar ShettySource: TaxGuru

Supreme Court upholds forfeiture of entire ₹6.39 crore paid by successful bidder after failure to pay liquidation auction balance on time. The post Supreme Court: 10% EMD Limit Does Not Bar Forfeiture of Further Auction Deposit appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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