https://www.taxtmi.com/caselaws?id=446016 A belated challenge to the liquidation auction's reserve price and valuation failed because the stakeholder had prior notice of the auction process, raised no objection before completion, and did not show any substantiated irregularity. Reliefs and concessions granted to the successful bidder for running the corporate debtor as a going concern were upheld because they were incidental to a clean-slate going-concern sale, and the absence of an express recital in the process document did not invalidate the auction or the consequential order. en-us Tue, 21 Nov 2023 00:00:00 +0530 Fri, 24 Nov 2023 07:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446016 A belated challenge to the liquidation auction's reserve price and valuation failed because the stakeholder had prior notice of the auction process, raised no objection before completion, and did not show any substantiated irregularity. Reliefs and concessions granted to the successful bidder for running the corporate debtor as a going concern were upheld because they were incidental to a clean-slate going-concern sale, and the absence of an express recital in the process document did not invalidate the auction or the consequential order. Case-Laws Insolvency and Bankruptcy Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446016