https://www.taxtmi.com/caselaws?id=784674 The dominant issue was whether an e-auction should be set aside on the ground that the applicant was unable to submit the highest bid due to an alleged technical glitch on the auction platform. NCLAT held that the allegation was unsubstantiated because there was no contemporaneous complaint evidencing any system failure, and the platform records showed the applicant continuously participated and placed multiple competitive bids up to the last-but-one bid; the successful bidder then outbid by a marginal increment and, with no further bid within the prescribed five-minute window, the auction validly concluded. Consequently, the AA's refusal to quash the e-auction was affirmed and the appeals were dismissed. en-us Wed, 07 Jan 2026 00:00:00 +0530 Sat, 10 Jan 2026 08:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784674 The dominant issue was whether an e-auction should be set aside on the ground that the applicant was unable to submit the highest bid due to an alleged technical glitch on the auction platform. NCLAT held that the allegation was unsubstantiated because there was no contemporaneous complaint evidencing any system failure, and the platform records showed the applicant continuously participated and placed multiple competitive bids up to the last-but-one bid; the successful bidder then outbid by a marginal increment and, with no further bid within the prescribed five-minute window, the auction validly concluded. Consequently, the AA's refusal to quash the e-auction was affirmed and the appeals were dismissed. Case-Laws IBC Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784674