https://www.taxtmi.com/caselaws?id=414414 The Tribunal held that the e-auction sale conducted on 26th February 2021 was null and void, as the amended clause allowing a 90-day period for payment of balance sale consideration could not be applied retroactively to a liquidation process initiated before the amendment date. The Liquidator was directed to revalue the assets and issue a fresh e-auction sale notice in compliance with the regulations in effect at the commencement of the liquidation process. en-us Fri, 29 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 07:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414414 The Tribunal held that the e-auction sale conducted on 26th February 2021 was null and void, as the amended clause allowing a 90-day period for payment of balance sale consideration could not be applied retroactively to a liquidation process initiated before the amendment date. The Liquidator was directed to revalue the assets and issue a fresh e-auction sale notice in compliance with the regulations in effect at the commencement of the liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414414