High Court may be pleased to approve
the Upset Price and EMD Price for sale of the assets and
properties of the Company in liquidation ... Table-"A") of this report or such other upset
price, EMD, as may be considered appropriate by this
Hon'ble Court
have different
meanings. That the term "upset price" means lowest
selling price or reserve price. That unfortunately in
many cases the word ... reference to upset price. That the sale has to commence
at the higher price and in the absence of bidders, the
price will have
Siddanaika, the respondent No.3 on 20.07.1957 for an
upset price of Rs.291.10 with a condition of non-alienation
for a period ... maintainability of the
petition on the premise the grant was against upset price
of Rs.291.10 which was equivalent to market value that
intended to give a protective shield to the
defaulter and the upset price can neither be ignored nor done away
with. Scanning through the Certificate ... This was a case where the upset price had been
reduced at the instance of the decree holder. The court has, in the
said decision
open for the tendering authority to unilaterally reduce the upset price quoted in the
tender notice ?
The facts giving rise to the aforesaid question ... upset price" means the lowest
selling price or the reserve price. The sale has to commence at the higher
price and in the absence
dated 06.10.2021 requested the 6 th respondent
to fix the upset price for granting the leasehold rights of the tanks
through open auction. Accordingly ... Grampanchayat requesting the 6th respondent to fix the upset price
and permit to conduct public auction, is illegal and against the rules
made
respondent herein, under which, they have demanded an
enhanced upset price for a tender that was floated in June 2012.
2. According to the learned ... wheelers in Maatuthavani Market. As per the said advertisement, upset
price was fixed at Rs.16,02,980/-. The petitioner had quoted
follows :-
"DHR and counsel present. 5-Bidders present, the
upset price is fixed Rs.80,00,000/- the bidders are not
ready to participate ... Bidders requested the court
to reduce the upset price to Rs.30,00,000/- for which
the court is not inclined to reduce. Hence
rights and submitted proposals to the 4th respondent for
fixation of upset price.
2
3. The learned counsel for the petitioner submits
that a detailed ... vide Rc.No.635/2021/B,
dated 27.11.2021 fixing the upset price for the lease hold
rights of Eighteen(18) tanks for the fasli year
That the Deputy Joint Registrar, Co-operative Societies fixed the
upset price at Rs.98,10,000/- vide communication dated 26.07.2010.
Vaidanath Bank also initiated ... Vaidanath Bank is concerned had
attained finality. Upset price fixed by the Deputy Joint Registrar, Co-
operative Societies was challenged by respondent
