https://www.taxtmi.com/caselaws?id=794218 A concluded liquidation e-auction for additional land could not be set aside merely to seek a higher price, absent fraud, collusion, or a fundamental procedural irregularity. The reserve price had to be assessed on the correct sale base, and the earlier consideration could not be treated as relating only to the leasehold portion when the earlier lot also included freehold components. The successful bidder, as an aggrieved person, had locus standi to challenge the direction for a fresh auction under the Insolvency and Bankruptcy Code. The article states that a valid auction cannot be displaced by a later preference for private sale or a higher bid expectation, and that the successful purchaser remained entitled to 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 concluded liquidation e-auction for additional land could not be set aside merely to seek a higher price, absent fraud, collusion, or a fundamental procedural irregularity. The reserve price had to be assessed on the correct sale base, and the earlier consideration could not be treated as relating only to the leasehold portion when the earlier lot also included freehold components. The successful bidder, as an aggrieved person, had locus standi to challenge the direction for a fresh auction under the Insolvency and Bankruptcy Code. The article states that a valid auction cannot be displaced by a later preference for private sale or a higher bid expectation, and that the successful purchaser remained entitled to consequential transfer steps. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794218