NCLAT Orders Fresh Consideration as Bidder May Have Prevented Due to Technical Glitch

JFC Finance (India) Ltd. Vs Arvind Garg (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT) considered an appeal filed against an order of the National Company Law Tribunal (NCLT), Principal Bench, which had dismissed an application challenging an e-auction conducted during the liquidation process of a corporate debtor and had also imposed costs of Rs. 1.5 lakh on the applicant. The appellant sought quashing of the e-auction proceedings, a direction for conducting a fresh auction, or alternatively, permission to participate in inter-se bidding with the successful auction purchase...