https://www.taxtmi.com/caselaws?id=392943 Where a liquidation sale of the corporate debtor as a going concern had not resulted in a concluded purchaser after the successful bidder withdrew, an enhanced offer could be accepted to maximise asset value and further the object of the Insolvency and Bankruptcy Code, 2016. The liquidator was directed to proceed with sale in favour of the applicants on the terms fixed by the order, and distribution of the proceeds was required to follow the statutory waterfall under Section 53 of the Code. en-us Wed, 25 Sep 2019 00:00:00 +0530 Tue, 03 Mar 2020 11:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392943 Where a liquidation sale of the corporate debtor as a going concern had not resulted in a concluded purchaser after the successful bidder withdrew, an enhanced offer could be accepted to maximise asset value and further the object of the Insolvency and Bankruptcy Code, 2016. The liquidator was directed to proceed with sale in favour of the applicants on the terms fixed by the order, and distribution of the proceeds was required to follow the statutory waterfall under Section 53 of the Code. Case-Laws Insolvency and Bankruptcy Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392943