In Brief
This case concerns the calculation of stamp duty in a property sale conducted under Company Court supervision. The Court dismissed the appeal, holding that stamp duty should be levied on the Court-fixed valuation of the immovable property (Rs. 1.4 crores) rather than the total auction bid amount (Rs. 1.935 crores). Since the District Registrar was satisfied with the Court's valuation, the lower court's judgment fixing the stamp duty base accordingly was upheld without interference."
The lawyer headnote and full judgment text are available to registered users.