https://www.taxtmi.com/highlights?id=75916 Seeking impleadment of Successful Auction Purchaser/Appellant as one of the Respondents - The NCLAT found that non-impleadment of the successful auction purchaser was deemed crucial and prejudicial to the proceedings. Despite directions from the adjudicating authority, necessary applications for impleadment were not filed. - The failure to include the successful auction purchaser as a respondent deprived them of the opportunity to present objections or responses, violating principles of natural justice. - The direction for a fresh e-auction process was set aside due to the aforementioned procedural irregularities and lack of fairness. en-us Thu, 21 Mar 2024 06:59:00 +0530 Thu, 21 Mar 2024 06:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75916 Seeking impleadment of Successful Auction Purchaser/Appellant as one of the Respondents - The NCLAT found that non-impleadment of the successful auction purchaser was deemed crucial and prejudicial to the proceedings. Despite directions from the adjudicating authority, necessary applications for impleadment were not filed. - The failure to include the successful auction purchaser as a respondent deprived them of the opportunity to present objections or responses, violating principles of natural justice. - The direction for a fresh e-auction process was set aside due to the aforementioned procedural irregularities and lack of fairness. Highlights Insolvency and Bankruptcy Thu, 21 Mar 2024 06:59:00 +0530 https://www.taxtmi.com/highlights?id=75916