Entertaining objection after confirmation of sale not justified as there is no allegation of fraud in e-auction: NCLT Mumbai

JSK Estate Private Limited Vs Sundaresh Bhat (NCLT Mumbai) NCLT Mumbai held that entertaining objection raised by the applicant after the sale is confirmed unjustified as there is no allegation of fraud. Accordingly, application filed u/s. 60(5) of the IBC dismissed. Facts- This is an application filed by the Applicant u/s. 60(5) of the Insolvency and Bankruptcy Code, 2016 praying to recall and set aside the Order dated 09th September, 2022 declaring Respondent No.02 as a successful bidder for the sale of assets of Corporate Debtor and all other reliefs sought by the Applicant of the Applicati...