https://www.taxtmi.com/caselaws?id=428538 A liquidation e-auction of the corporate debtor as a going concern was found vitiated by material irregularity because, after extending the bidding timeline, the liquidator did not fix a fresh inspection date and time for prospective bidders. That omission was treated as denying a fair opportunity to inspect the asset, prejudicing effective participation in the auction and undermining value maximisation in liquidation. The irregularity was considered serious enough to affect the integrity of the sale process, so the setting aside of the e-auction was upheld and the appeals failed. en-us Fri, 30 Sep 2022 00:00:00 +0530 Wed, 23 Nov 2022 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428538 A liquidation e-auction of the corporate debtor as a going concern was found vitiated by material irregularity because, after extending the bidding timeline, the liquidator did not fix a fresh inspection date and time for prospective bidders. That omission was treated as denying a fair opportunity to inspect the asset, prejudicing effective participation in the auction and undermining value maximisation in liquidation. The irregularity was considered serious enough to affect the integrity of the sale process, so the setting aside of the e-auction was upheld and the appeals failed. Case-Laws Insolvency and Bankruptcy Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428538