https://www.taxtmi.com/caselaws?id=763452 NCLAT upheld the rejection of appellant's application to recall liquidation order dated 13.12.2023. The tribunal found no valid grounds for recall as the CIRP showed no substantial progress beyond 365 days, and appellant's grounds did not meet recall criteria. The liquidation order remains valid. NCLAT permitted appellant to file objections regarding the auction process before the Adjudicating Authority during confirmation proceedings, including challenges to asset valuation. The tribunal found no error in continuing the auction process and disposed of the appeal while preserving appellant's right to contest auction details. en-us Tue, 17 Dec 2024 00:00:00 +0530 Thu, 19 Dec 2024 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763452 NCLAT upheld the rejection of appellant's application to recall liquidation order dated 13.12.2023. The tribunal found no valid grounds for recall as the CIRP showed no substantial progress beyond 365 days, and appellant's grounds did not meet recall criteria. The liquidation order remains valid. NCLAT permitted appellant to file objections regarding the auction process before the Adjudicating Authority during confirmation proceedings, including challenges to asset valuation. The tribunal found no error in continuing the auction process and disposed of the appeal while preserving appellant's right to contest auction details. Case-Laws IBC Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763452