https://www.taxtmi.com/caselaws?id=447390 The court dismissed the appeal filed by the appellant against the approval of the sale of a Corporate Debtor as a going concern, which was conducted using the swiss challenge method. The appellant's challenge was based on the claim that their offer was more beneficial, but the appeal was dismissed due to being filed beyond the limitation period. Additionally, the appellant's application for restoration was deemed infructuous, as the matter had already been resolved. The sale had been completed, management changed, and proceeds distributed, leading to the dismissal of the appeal without costs. en-us Thu, 21 Dec 2023 00:00:00 +0530 Sat, 23 Dec 2023 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447390 The court dismissed the appeal filed by the appellant against the approval of the sale of a Corporate Debtor as a going concern, which was conducted using the swiss challenge method. The appellant's challenge was based on the claim that their offer was more beneficial, but the appeal was dismissed due to being filed beyond the limitation period. Additionally, the appellant's application for restoration was deemed infructuous, as the matter had already been resolved. The sale had been completed, management changed, and proceeds distributed, leading to the dismissal of the appeal without costs. Case-Laws Insolvency and Bankruptcy Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447390