https://www.taxtmi.com/caselaws?id=299412 The Tribunal directed the disclosure of the selection process of the Anchor Bidder or adoption of the Anchor Bid as the reserve price. It granted the prayer to quash the Process Document dated 27.03.2021 and prevent further steps based on it. The Liquidator was ordered to consider an offer for the Consolidated Assets and revoke the Second Swiss Challenge Process. Participation in the e-auction Process was allowed, and a new auction was initiated to expedite the sale process. The Tribunal mandated the completion of the entire sale process within three weeks, ensuring transparency and fair competition among bidders. en-us Mon, 16 Aug 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299412 The Tribunal directed the disclosure of the selection process of the Anchor Bidder or adoption of the Anchor Bid as the reserve price. It granted the prayer to quash the Process Document dated 27.03.2021 and prevent further steps based on it. The Liquidator was ordered to consider an offer for the Consolidated Assets and revoke the Second Swiss Challenge Process. Participation in the e-auction Process was allowed, and a new auction was initiated to expedite the sale process. The Tribunal mandated the completion of the entire sale process within three weeks, ensuring transparency and fair competition among bidders. Case-Laws Companies Law Mon, 16 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299412