https://www.taxtmi.com/caselaws?id=439938 Conflicting timelines in the sale notice, publication over a holiday weekend, and the absence of meaningful time for inspection, due diligence and funding arrangements rendered the e-auction process materially irregular. The later corrigendum could not cure defects after the auction had concluded, and the liquidator's explanation for immediate completion was rejected. On these facts, the auction was validly set aside, and the direction that the liquidator bear the auction and re-auction expenses was upheld. en-us Tue, 04 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 07:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439938 Conflicting timelines in the sale notice, publication over a holiday weekend, and the absence of meaningful time for inspection, due diligence and funding arrangements rendered the e-auction process materially irregular. The later corrigendum could not cure defects after the auction had concluded, and the liquidator's explanation for immediate completion was rejected. On these facts, the auction was validly set aside, and the direction that the liquidator bear the auction and re-auction expenses was upheld. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439938