Latest Supreme Court Judgments

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Section 9, Insolvency and Bankruptcy Code, 2016

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Can a liquidation auction bidder reclaim forfeited EMD for non-payment of balance?

Forfeiture of EMD Upheld for Failure to Pay Balance Auction Consideration

M/S ASJ Finsolutions Pvt. Ltd. vs Vikram Bajaj

Insolvency and Bankruptcy Law / Liquidation Process

The Supreme Court dismissed the appeal and upheld forfeiture of EMD and all deposited amounts paid by a successful liquidation-auction bidder who failed to pay the balance sale consideration within 90 days.

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