https://www.taxtmi.com/caselaws?id=439993 In a going-concern liquidation sale, a successful bidder may seek directions, clarifications and limited reliefs from the Adjudicating Authority where they are necessary to operationalise the corporate debtor and remove implementation impediments. Those requests must, however, remain commensurate with the e-auction process document and the liquidation framework, including the treatment of liabilities and claims. A broadly framed application was therefore found excessive, and only prayers consistent with the sale terms could be considered. The order was modified to preserve the bidder's right to seek targeted implementation reliefs through a fresh application confined to the auction framework. en-us Tue, 04 Jul 2023 00:00:00 +0530 Fri, 07 Jul 2023 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439993 In a going-concern liquidation sale, a successful bidder may seek directions, clarifications and limited reliefs from the Adjudicating Authority where they are necessary to operationalise the corporate debtor and remove implementation impediments. Those requests must, however, remain commensurate with the e-auction process document and the liquidation framework, including the treatment of liabilities and claims. A broadly framed application was therefore found excessive, and only prayers consistent with the sale terms could be considered. The order was modified to preserve the bidder's right to seek targeted implementation reliefs through a fresh application confined to the auction framework. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439993