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National Investor Forum Regd. vs Golden Forests India Ltd. on 23 July, 2014 cites

Sebi vs Golden Trees Plantation Ltd. on 14 March, 2003

2. The facts are that the Supreme Court held on 5.9.2006, in SEBI v. Golden Forests (India) Ltd. that the Committee (constituted on 19.8.2004) was at liberty to put up for sale, certain properties of the respondent, Golden Forest (India) Ltd. ("GFIL"), by public auction. On 15.10.2006, the Court held that the Committee was authorised to take possession of all the properties owned by GFIL, and sell them, in order for to facilitate the disbursement of sale proceeds to the investors, subject to any valid claims on the properties by third parties. Third party claims on the properties of GFIL were to be dealt with appropriately by the Committee, by passing appropriate orders subject to the confirmation of the Court.
Securities Appellate Tribunal Cites 8 - Cited by 12 - Full Document

United Bank Of India vs Official Liquidator on 6 October, 1993

12.Clearly, the bidder was required to make himself aware of the property's details, through municipal/government records, and physically inspect the land. The buyer undertook to buy the land on an "As is Where is, Whatever There Is" basis. A similar condition (in the context of an Official Liquidator selling off immovable property of a company, on an "as is where is" basis) has been interpreted by the Supreme Court in United Bank of India v. Official Liquidator, (1994) 1 SCC 575to mean:
Supreme Court of India Cites 3 - Cited by 46 - S P Bharucha - Full Document
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