https://www.taxtmi.com/caselaws?id=783660 The Board was held to have locus standi to seek review because the insolvency framework empowers it to regulate insolvency professionals, receive complaints, investigate misconduct, issue show cause notices and invoke disciplinary action where necessary. The review objection on standing was therefore rejected. The order permitting completion of the auction sale was not reviewable because the record disclosed no suppression, no error apparent on the face of the record, and no recognised ground under review jurisdiction; the sale had already progressed within the liquidation framework and third-party rights had arisen. The review petition was accordingly found to be without merit and the auction-sale facilitation order was left undisturbed. en-us Mon, 15 Dec 2025 00:00:00 +0530 Sat, 20 Dec 2025 07:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783660 The Board was held to have locus standi to seek review because the insolvency framework empowers it to regulate insolvency professionals, receive complaints, investigate misconduct, issue show cause notices and invoke disciplinary action where necessary. The review objection on standing was therefore rejected. The order permitting completion of the auction sale was not reviewable because the record disclosed no suppression, no error apparent on the face of the record, and no recognised ground under review jurisdiction; the sale had already progressed within the liquidation framework and third-party rights had arisen. The review petition was accordingly found to be without merit and the auction-sale facilitation order was left undisturbed. Case-Laws IBC Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783660