https://www.taxtmi.com/highlights?id=77256 CIRP - It is submitted that the Appellant has 00.54 % share as an operational creditor and would fall much lower in the scale of Section 53 of IBC - The Appellate Tribunal noted that the e-auction was conducted transparently, with adequate publicity and opportunity for bidders. The valuations were based on comprehensive reports by registered valuers and had been accepted by the stakeholder consultation committee. - The tribunal dismissed the operational creditor's challenge, affirming that the e-auction was conducted properly and the asset valuation was appropriately executed. en-us Thu, 09 May 2024 09:17:14 +0530 Thu, 09 May 2024 09:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77256 CIRP - It is submitted that the Appellant has 00.54 % share as an operational creditor and would fall much lower in the scale of Section 53 of IBC - The Appellate Tribunal noted that the e-auction was conducted transparently, with adequate publicity and opportunity for bidders. The valuations were based on comprehensive reports by registered valuers and had been accepted by the stakeholder consultation committee. - The tribunal dismissed the operational creditor's challenge, affirming that the e-auction was conducted properly and the asset valuation was appropriately executed. Highlights Insolvency and Bankruptcy Thu, 09 May 2024 09:17:14 +0530 https://www.taxtmi.com/highlights?id=77256