https://www.taxtmi.com/caselaws?id=422378 The Tribunal allowed the Liquidator's application to cancel the sale and proceed with a fresh e-auction due to the applicant's failure to pay the balance consideration within the stipulated time despite extensions. The applications by the successful bidder for reliefs and extensions were disposed of accordingly. The Tribunal stressed the importance of maximizing the Corporate Debtor's asset value and compliance with the law. en-us Mon, 25 Apr 2022 00:00:00 +0530 Fri, 13 May 2022 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422378 The Tribunal allowed the Liquidator's application to cancel the sale and proceed with a fresh e-auction due to the applicant's failure to pay the balance consideration within the stipulated time despite extensions. The applications by the successful bidder for reliefs and extensions were disposed of accordingly. The Tribunal stressed the importance of maximizing the Corporate Debtor's asset value and compliance with the law. Case-Laws Insolvency and Bankruptcy Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422378