https://www.taxtmi.com/caselaws?id=303994 Pre-bid qualifications in a liquidation auction, including age, turnover and net worth requirements for each property lot, were binding because the liquidator may fix sale terms in consultation with the Stakeholders Consultation Committee to maximise asset value. A bidder who participated with knowledge of the tender conditions could not later seek individual relaxation or rewrite the eligibility clause without first challenging it. The request for special treatment was therefore rejected, and the stipulated tender criteria remained enforceable for all bidders. en-us Tue, 14 Dec 2021 00:00:00 +0530 Wed, 31 Aug 2022 05:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303994 Pre-bid qualifications in a liquidation auction, including age, turnover and net worth requirements for each property lot, were binding because the liquidator may fix sale terms in consultation with the Stakeholders Consultation Committee to maximise asset value. A bidder who participated with knowledge of the tender conditions could not later seek individual relaxation or rewrite the eligibility clause without first challenging it. The request for special treatment was therefore rejected, and the stipulated tender criteria remained enforceable for all bidders. Case-Laws Insolvency and Bankruptcy Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303994