Purchaser is not entitled to claim compensation for breach of contract in liquidation sale – BRS Refineries Vs. Mr. Supriyo Kumar Chaudhari Liquidator of JVL Agro Industries Ltd. – NCLT Allahabad Bench
NCLT held that the applicant is not entitled to claim compensation for breach of contract committed by him. The prayer made in the present application for directions to be issued to the liquidator to refund the EMD amount of Rs.96,00,000/- and award compensation for the loss incurred by him is thus not sustainable. Therefore, we are not inclined to accept the prayer made in the application.