2021 (8) TMI 1259

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....MBER (J) AND CHOCKLINGRAM THIRUNAVUKKARASU, MEMBER (T) Mr. Narasimhan, General Manager of SBI. Mr. Mihir Thakore, Sr. Advocate along with Mr. Salil Thakore, Advocate for IA No. 273 of 2021. Mr. Saurabh Soparkar, Sr. Advocate, along with Mr. Monaal Davawala, Advocate for the Liquidatore:* 205 0 SA Ste te Ee Mr. Arun Kathpalia, Sr. Advocate with advocate, Mr. Jay Kansara for Wadia Ghandy....

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.... accordingly and allow inter se bidding amongst the parties under the aegis of the Liquidator or this Tribunal as this Tribunal may deem fit and proper. 2. I.A. No. 379 of 2021 is filed by the Applicant i.e. M/s. Kanter Steel India Pvt. Ltd. praying to quash and set aside Process Document dated 27.03.2021 and restrain the Respondent from taking any steps in pursuance of the Process Document. ....

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....e same he has to go in for sale of land and buildings, which will delay the Liquidation process. 6. He further submitted that he has received a bid for purchase of metals & Scrap and land and Buildings at Dahej. If these assets are sold in one go, it will save time and maximise value to the stakeholders. Hence, he is going for cancellation of present auction process in consultation with the sta....