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IBC Update: Cancellation of Sale of Corporate debtor to auction purchaser

Case Law Details

Case Name : Potens Transmissions & Power Pvt. Ltd Vs Gian Chand Narang (NCLAT Delhi)
Related Assessment Year :
Courts : NCLAT
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Potens Transmissions & Power Pvt. Ltd Vs Gian Chand Narang (NCLAT Delhi)

NCLAT Delhi cancels the sale of Corporate Debtor to the auction purchaser in Liquidation Proceedings for failure to pay consideration in 90 days as stipulated under IBBI (Liquidation Process) Regulations 2016. The order was passed

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Name: JAYDEEP MEHTA
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Jaydeep is a Commerce graduate from Bhartiya Vidya Bhavan’s College, University of Mumbai and a Law graduate from K.C. Law College, University of Mumbai with Banking Laws. He is also holding Certificate of DP Operations Module of NSE & a Corporate Registry Module of National Institute of Secu View Full Profile

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