https://www.taxtmi.com/caselaws?id=751123 Liquidation asset sales under the IBC may proceed through different modes, including going concern sale, slump sale, or sale in parcels, and staged reserve price reductions are permissible where they follow Schedule I to Regulation 33 of the Liquidation Process Regulations, 2016. A fresh auction process is valid when the sale methodology changes from one mode to another. Approval of the stakeholder consultation committee, valuation by registered valuers, and realization above reserve price supported the process, while the shareholder's claim to sell the assets itself at fair value found no basis in the IBC framework. No regulatory breach was established, and the challenge to the auction and related reliefs failed. en-us Wed, 03 Apr 2024 00:00:00 +0530 Sun, 07 Apr 2024 05:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751123 Liquidation asset sales under the IBC may proceed through different modes, including going concern sale, slump sale, or sale in parcels, and staged reserve price reductions are permissible where they follow Schedule I to Regulation 33 of the Liquidation Process Regulations, 2016. A fresh auction process is valid when the sale methodology changes from one mode to another. Approval of the stakeholder consultation committee, valuation by registered valuers, and realization above reserve price supported the process, while the shareholder's claim to sell the assets itself at fair value found no basis in the IBC framework. No regulatory breach was established, and the challenge to the auction and related reliefs failed. Case-Laws Insolvency and Bankruptcy Wed, 03 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751123