https://www.taxtmi.com/highlights?id=104052 Standing to challenge a concluded liquidation sale is not established merely by a prospective bidder's speculative assertion that it might have participated had later conditions been available during the e-auction. A person who neither participated in nor expressed interest in the auction, and is not otherwise affected, lacks a substantive basis to annul the e-auction, letter of intent, or sale certificate. Although costs may deter IBC litigation by strangers, they must remain proportionate; where the challenge did not delay liquidation, excessive costs warrant reduction. The sale remains undisturbed, while costs are reduced to a proportionate amount payable to the Prime Minister's Relief Fund. en-us Wed, 23 Sep 2026 08:48:39 +0530 Wed, 23 Sep 2026 08:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104052 Standing to challenge a concluded liquidation sale is not established merely by a prospective bidder's speculative assertion that it might have participated had later conditions been available during the e-auction. A person who neither participated in nor expressed interest in the auction, and is not otherwise affected, lacks a substantive basis to annul the e-auction, letter of intent, or sale certificate. Although costs may deter IBC litigation by strangers, they must remain proportionate; where the challenge did not delay liquidation, excessive costs warrant reduction. The sale remains undisturbed, while costs are reduced to a proportionate amount payable to the Prime Minister's Relief Fund. Highlights IBC Wed, 23 Sep 2026 08:48:39 +0530 https://www.taxtmi.com/highlights?id=104052