https://www.taxtmi.com/caselaws?id=380066 The court addressed challenges to a conditional stay order by the Debts Recovery Tribunal (DRT) in an auction matter. It allowed an extension for compliance with the conditions set by the DRT, postponed sale confirmation pending more information, and directed the impleadment of highest bidders. Individual guarantors not covered by the Insolvency and Bankruptcy Code (IBC) sought relief for their properties, leading to the court permitting higher payments by guarantors for certain properties. The judgment disposed of the case by allowing guarantors to pay more than the highest bids for specific properties within a set deadline, with no costs awarded. en-us Tue, 12 Mar 2019 00:00:00 +0530 Tue, 14 May 2019 07:53:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380066 The court addressed challenges to a conditional stay order by the Debts Recovery Tribunal (DRT) in an auction matter. It allowed an extension for compliance with the conditions set by the DRT, postponed sale confirmation pending more information, and directed the impleadment of highest bidders. Individual guarantors not covered by the Insolvency and Bankruptcy Code (IBC) sought relief for their properties, leading to the court permitting higher payments by guarantors for certain properties. The judgment disposed of the case by allowing guarantors to pay more than the highest bids for specific properties within a set deadline, with no costs awarded. Case-Laws Indian Laws Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380066