https://www.taxtmi.com/caselaws?id=435312 A belated higher offer did not justify reopening an approved liquidation sale of the corporate debtor as a going concern, because the proposal had already been considered in the time-bound process and accepted by the stakeholders consultation committee and major financial creditors. The appellate challenge to the liquidator's conduct also failed: the record showed due diligence, repeated e-auction notices, and an asset memorandum identifying the relevant assets and liabilities, while objections about the land extent and asset identification were raised late and were unsupported. No procedural irregularity or non-compliance with the liquidation regulations was established, and the approved sale was upheld. en-us Wed, 15 Mar 2023 00:00:00 +0530 Fri, 17 Mar 2023 08:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435312 A belated higher offer did not justify reopening an approved liquidation sale of the corporate debtor as a going concern, because the proposal had already been considered in the time-bound process and accepted by the stakeholders consultation committee and major financial creditors. The appellate challenge to the liquidator's conduct also failed: the record showed due diligence, repeated e-auction notices, and an asset memorandum identifying the relevant assets and liabilities, while objections about the land extent and asset identification were raised late and were unsupported. No procedural irregularity or non-compliance with the liquidation regulations was established, and the approved sale was upheld. Case-Laws Insolvency and Bankruptcy Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435312