https://www.taxtmi.com/caselaws?id=429185 The Tribunal upheld the cancellation of 'Chhota's' auction and directed fresh auctions for the assets. 'Chhota' faced a penalty with the forfeiture of 10% of the bid amount, while 'Singhi Infrapower' was given a final opportunity to deposit the balance amount. The Tribunal ensured compliance with liquidation regulations and the Adjudicating Authority's directives, dismissing 'Chhota's' applications for recall and review. en-us Tue, 18 Oct 2022 00:00:00 +0530 Thu, 20 Oct 2022 08:17:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429185 The Tribunal upheld the cancellation of 'Chhota's' auction and directed fresh auctions for the assets. 'Chhota' faced a penalty with the forfeiture of 10% of the bid amount, while 'Singhi Infrapower' was given a final opportunity to deposit the balance amount. The Tribunal ensured compliance with liquidation regulations and the Adjudicating Authority's directives, dismissing 'Chhota's' applications for recall and review. Case-Laws Insolvency and Bankruptcy Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429185