https://www.taxtmi.com/caselaws?id=788400 A not readily realisable asset under Regulation 37A of the IBBI (Liquidation Process) Regulations, 2016 must be assigned through a transparent process aimed at value maximisation, but that objective does not override fixed bid timelines or the finality of an already completed sale process. An enhanced offer submitted after the cut-off date and after the successful bidder had been identified in the NRRA process was not required to be considered, because entertaining it would prejudice other participants and unsettle the concluded liquidation sale. The appellant's later conduct, including seeking refund of the EMD and delaying approach to the Tribunal, reinforced acceptance of the process as concluded. en-us Thu, 19 Mar 2026 00:00:00 +0530 Fri, 20 Mar 2026 10:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788400 A not readily realisable asset under Regulation 37A of the IBBI (Liquidation Process) Regulations, 2016 must be assigned through a transparent process aimed at value maximisation, but that objective does not override fixed bid timelines or the finality of an already completed sale process. An enhanced offer submitted after the cut-off date and after the successful bidder had been identified in the NRRA process was not required to be considered, because entertaining it would prejudice other participants and unsettle the concluded liquidation sale. The appellant's later conduct, including seeking refund of the EMD and delaying approach to the Tribunal, reinforced acceptance of the process as concluded. Case-Laws IBC Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788400