Application claiming reliefs by successful bidder must be in consonance with process document

Sauria Construction Vs Kohinoor Pulp & Paper Private Limited (NCLT Kolkata) NCLT Kolkata held that successful bidder of the Corporate Debtor is allowed to file application before Adjudicating Authority claiming reliefs and concessions, however, such reliefs and concessions cannot be too elaborate and general and must be in consonance with process document in the liquidation proceedings. Facts- Adjudicating Authority, upon the filing of a petition u/s. 9 of the Code by Sauria Construction, the Operational Creditor, admitted the Corporate Debtor into Corporate insolvency Resolution ProcessÂ...