This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Liquidator acted in undue haste directed to freshly conduct private sale of corporate debtor: NCLT Indore
Case Law Details
- Case Name
- Hira International Ltd Vs Girdharilal Sugar & Allied Industries Ltd (NCLT Indore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Hira International Ltd Vs Girdharilal Sugar & Allied Industries Ltd (NCLT Indore)
NCLT Indore held that liquidator who acted in undue haste in conducting private sale of the corporate debtor as a going concern in non-transparent manner is directed freshly conduct of bidding in specified manner.
Facts- The corporate debtor was admitted under the Corporate Insolvency Resolution Process (“CIRP”). Further vide order dated 21.01.2022 the IRP Mr. Ashish Kanodia was replaced by Mr. Amresh Shukla as a Resolution Professional.
The liquidator published an E-auction notice on 10...
Author Info
