11th Respondent before us. At that time, Crosslinks
was the second highest bidder at Rs.459 crores. The
highest bidder was one Adzon Media ... Receiver was to
invite private offers from various prospective bidders. They were
about 19 prospective bidders, including Crosslinks. The Petitioner is
admittedly a nominee
confirming the sale of the
mortgaged property under rule 56 of the Second Schedule to the
Income Tax Act, 1961 and hence was liable ... states
that the sale shall be by public auction to the highest bidder and
shall be subject to confirmation by the Recovery officer. There
confirming the sale of the
mortgaged property under rule 56 of the Second Schedule to the
Income Tax Act, 1961 and hence was liable ... states
that the sale shall be by public auction to the highest bidder and
shall be subject to confirmation by the Recovery officer. There
confirming the sale of the
mortgaged property under rule 56 of the Second Schedule to the
Income Tax Act, 1961 and hence was liable ... states
that the sale shall be by public auction to the highest bidder and
shall be subject to confirmation by the Recovery officer. There
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