2026 SCC Vol. 4 Part 2: Key Supreme Court Cases on Arbitration, Government Contracts, & IBC
Explore the latest Supreme Court Cases in 2026 SCC Vol. 4 Part 2 on demurrer, speculative purchasers, public auction, and more.
Public Auction
Auction Value is Final: Madras HC Bars Stamp Duty Reassessment on Sale Certificates
Section 47-A held inapplicable to statutory and court-supervised auctions, ruling that sale certificates are transfers by operation of law—not conveyances—and cannot be reopened for undervaluation by registering authorities.
Sale of encumbered assets with secured creditors’ consent permitted under CIRP Regulation 29: NCLAT
Commercial wisdom of the CoC in choosing the mode and counter-party of sale of assets, whether core or non-core, encumbered or unencumbered, is non-justiciable, barring jurisdictional or regulatory violations.
Specific character assumed in a public auction cannot be changed to exploit the situation for personal gain:Bombay High Court
Participants in a public auction must maintain the character they assumed throughout the ensuing litigation, unless legally permitted by the Court. Changing character to exploit the situation for personal gain, especially at the expense of legitimate beneficiaries, is impermissible.
Secure or Not: Sale by Way of Private Treaty under SARFAESI
by Shantanu Tyagi† and Aishani Das††
Cite as: 2023 SCC OnLine Blog Exp 21
Cal HC | Policy decisions of State not to be disturbed unless found to be grossly arbitrary or irrational; prayer for extension of lease rejected
Calcutta High Court: Shampa Sarkar, J. decided on a petition which was filed for a direction upon the respondents 7 and 8
J&K HC | “Even after completion of public auction the highest bidder has no indefeasible right till the confirmation letter is issued”; HC states
Jammu and Kashmir High Court: Javed Iqbal Wani, J., had heard the instant petition challenging inaction on the part of respondent regarding