https://www.taxtmi.com/caselaws?id=794218 A successful e-auction purchaser has locus standi under the Insolvency and Bankruptcy Code to challenge an order directing a fresh auction of property it successfully bid for. A concluded liquidation auction cannot be cancelled merely because a higher price may later be obtained; interference requires fraud, collusion, or a fundamental procedural irregularity. Reserve-price assessment must use the correct basis, including the relevant leasehold and freehold components. Where the public auction was validly conducted and no collusion, fraud, or material defect was established, the fresh-auction direction was unsustainable and the purchaser was entitled to issuance of a sale certificate and consequential transfer steps. en-us Tue, 30 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794218 A successful e-auction purchaser has locus standi under the Insolvency and Bankruptcy Code to challenge an order directing a fresh auction of property it successfully bid for. A concluded liquidation auction cannot be cancelled merely because a higher price may later be obtained; interference requires fraud, collusion, or a fundamental procedural irregularity. Reserve-price assessment must use the correct basis, including the relevant leasehold and freehold components. Where the public auction was validly conducted and no collusion, fraud, or material defect was established, the fresh-auction direction was unsustainable and the purchaser was entitled to issuance of a sale certificate and consequential transfer steps. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794218