Supreme Court of India

Sankalp Recreation Private Limited v. Union of India & Ors.

Neutral citation
Reported as [2019] 12 S.C.R. 661
Bench R. F. Nariman and Surya Kant JJ.
Decided 19 September 2019

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Auction – property was acquired by Union of India u/s.269 UD(1) of the Income Tax Act – Despite several attem pts to sell property, several auctions conducted qua the said p roperty failed – Appellant made offer to the Central Board of Dire ct Taxes to purchase the said property for a sum of Rs.32.11 crores – How ever, the offer was not accepted – fresh valuation report of the property was submitted on 04.09.2017 and a reserve price for propert y was fixed at Rs.30 crores – Appellant made a bid of Rs.30 .21 crores – On 26.09.2017 respondent no.3 sent a report to resp ondent no.2, in which it

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