This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Regulation 33(2)(d) mandates liquidator to obtain prior permission for conduct of private sale
Case Law Details
- Case Name
- Orissa Alloy Steel Private Limited Vs S M Steels And Power Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Orissa Alloy Steel Private Limited Vs S M Steels And Power Limited (NCLAT Delhi)
NCLAT Delhi held that in terms of regulation 33(2)(d) of the Liquidation Process Regulations [LPR], liquidator is required to obtain prior permission of the Adjudicating Authority for conduct of private sale. Here, since prior permission is not obtained the same tantamount to an infraction of LPR.
Facts- The present is a set of two appeals filed under Section 61 of Insolvency and Bankruptcy Code 2016 which arises out of the Order dated 20.12.2024 passed by the Adjudicating Authority (National Com...
Author Info
