https://www.taxtmi.com/caselaws?id=435418 The Tribunal dismissed the Petitioner/Appellant's appeal, finding they lacked standing and failed to actively participate in the liquidation process. The Swiss Challenge Method was deemed transparent, with the successful bidder paying the full consideration. The Tribunal upheld the sale as a Going Concern and distribution of sale proceeds to stakeholders. The appeal was rejected, and related applications were closed as the Petitioner/Appellant had no substantial interest in the Corporate Debtor, and sale proceeds had been distributed. en-us Fri, 17 Mar 2023 00:00:00 +0530 Mon, 20 Mar 2023 08:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435418 The Tribunal dismissed the Petitioner/Appellant's appeal, finding they lacked standing and failed to actively participate in the liquidation process. The Swiss Challenge Method was deemed transparent, with the successful bidder paying the full consideration. The Tribunal upheld the sale as a Going Concern and distribution of sale proceeds to stakeholders. The appeal was rejected, and related applications were closed as the Petitioner/Appellant had no substantial interest in the Corporate Debtor, and sale proceeds had been distributed. Case-Laws Insolvency and Bankruptcy Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435418