https://www.taxtmi.com/caselaws?id=422659 The Tribunal ruled that the successful bidder in the 3rd E-auction process for IVRCL Ltd. did not violate Section 29A of the Insolvency and Bankruptcy Code, 2016, as alleged by the Applicant. The Applicant lacked standing to challenge the auction process due to not participating in it. Allegations of collusion and manipulation were dismissed, with the Tribunal finding no evidence to support them. The applications were rejected, and no costs were awarded. en-us Fri, 06 May 2022 00:00:00 +0530 Fri, 20 May 2022 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422659 The Tribunal ruled that the successful bidder in the 3rd E-auction process for IVRCL Ltd. did not violate Section 29A of the Insolvency and Bankruptcy Code, 2016, as alleged by the Applicant. The Applicant lacked standing to challenge the auction process due to not participating in it. Allegations of collusion and manipulation were dismissed, with the Tribunal finding no evidence to support them. The applications were rejected, and no costs were awarded. Case-Laws Insolvency and Bankruptcy Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422659