https://www.taxtmi.com/caselaws?id=398871 The Tribunal set aside the previous e-auction process as it did not maximize the value of the assets of the corporate debtor. A new bid was accepted, with the condition that the balance amount must be deposited within six weeks. The application challenging the auction process was allowed, and the new bidder was declared successful, ensuring a higher value for the assets. en-us Thu, 12 Mar 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398871 The Tribunal set aside the previous e-auction process as it did not maximize the value of the assets of the corporate debtor. A new bid was accepted, with the condition that the balance amount must be deposited within six weeks. The application challenging the auction process was allowed, and the new bidder was declared successful, ensuring a higher value for the assets. Case-Laws Insolvency and Bankruptcy Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398871