https://www.taxtmi.com/caselaws?id=422996 The Appeals were allowed, setting aside the Adjudicating Authority's order and confirming the e-Auction Sale of Lot No. 1 and Lot No. 2 held on 26th February 2021. The Liquidator was directed to proceed with all necessary actions. The Tribunal emphasized the applicability of the amended Schedule I, Clause 12 of the IBBI (Liquidation Process) Regulations, 2016, allowing 90 days for depositing the balance sale consideration, and clarified that statutory amendments take precedence over Circulars. en-us Mon, 23 May 2022 00:00:00 +0530 Fri, 27 May 2022 08:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422996 The Appeals were allowed, setting aside the Adjudicating Authority's order and confirming the e-Auction Sale of Lot No. 1 and Lot No. 2 held on 26th February 2021. The Liquidator was directed to proceed with all necessary actions. The Tribunal emphasized the applicability of the amended Schedule I, Clause 12 of the IBBI (Liquidation Process) Regulations, 2016, allowing 90 days for depositing the balance sale consideration, and clarified that statutory amendments take precedence over Circulars. Case-Laws Insolvency and Bankruptcy Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422996