Liquidator acted in undue haste directed to freshly conduct private sale of corporate debtor: NCLT Indore

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 repl

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