https://www.taxtmi.com/caselaws?id=392946 The Adjudicating Authority accepted the higher bid from challenging parties over Maithan Alloys Ltd., directing the Liquidator to sell the Corporate Debtor to them. Maithan Alloys Ltd. withdrew and requested a refund of the deposited amount. The Authority ordered the Liquidator to refund the amount with interest within seven days, emphasizing fairness and legal compliance. Additional applications by the State Bank of India were scheduled for further consideration. en-us Mon, 25 Nov 2019 00:00:00 +0530 Tue, 03 Mar 2020 11:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392946 The Adjudicating Authority accepted the higher bid from challenging parties over Maithan Alloys Ltd., directing the Liquidator to sell the Corporate Debtor to them. Maithan Alloys Ltd. withdrew and requested a refund of the deposited amount. The Authority ordered the Liquidator to refund the amount with interest within seven days, emphasizing fairness and legal compliance. Additional applications by the State Bank of India were scheduled for further consideration. Case-Laws Insolvency and Bankruptcy Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392946