COMMITTEE-GFIL vs LIBRA BUILDTECH P.LTD..

The Supreme Court addressed the refund of stamp duty paid by Libra Buildtech Private Ltd. and others for properties auctioned by the GFIL Committee, established under the Companies Act. The Court held that the applicants are entitled to a full refund of the stamp duty as the sale was confirmed but not executed due to the liquidation of Golden Forest India Limited. The judgment emphasizes the need for equitable relief in cases involving liquidation and the rights of successful bidders under the auction conditions.