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        Case ID :
        Insolvency and Bankruptcy

        CIRP proceedings - private sale of assets - failure to e-auction...

        Private Sale in CIRP Must Ensure Transparency, Fairness, and Open Opportunity After E-Auction Failure.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                CIRP proceedings - private sale of assets - failure to e-auction process - even though this is a private sale as opposed to sale by a government authority, we are of the opinion that the standards and norms of transparency, fairness and responsibility should be adopted without any qualification or reservation and all prospective bidders should get sufficient notice and time to enable them to participate in the bidding in an effective manner. The process should be taken up after proper notice to prospective buyers and not limited to chosen few. - AT
                                Note: It is a system-generated summary and is for quick reference only.
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