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TMI Blog2021 (8) TMI 1259X X X X Extracts X X X X X X X X Extracts X X X X ..... isclose the entire process of selection of the Anchor Bidder or alternatively to discard the Swiss Challenge Process and adopt the Anchor Bid as reserve price, invite bids accordingly and allow inter se bidding amongst the parties - HELD THAT:- Since, the Liquidator is going for new auction, and the tender document allows him to do so, the objections of the Applicant in various I.As. No. 332 of 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el with Mr. Gaurav Mathur, advocate and advocate, Mr. Abhishek Shah for Applicant in IA No. 379 of 2021. Mr. Krishnendu Datta, Sr. Advocate along with Swetab Kumar, Gurdeep Singh Sachar & Vikrant Shetty, Advocates for Respondent No. 6 in IA No. 273 of 2021. Mr. Monaal Davawala, Advocate for Applicant in IA No. 332 of 2021 and IA No. 371 of 2021 and IA No. 475 of 2021. Ms. Sumesh Dhavan, advocat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ator to consider and accept its offer for the Consolidated Assets and to quash and set aside/cancel/revoke the Second Swiss Challenge Process. 4. I.A. No. 527 of 2021 is filed by M/s. Chinar Steel Segment Centre Pvt. Ltd. with a prayer to direct the Respondent/Liquidator to allow the Applicant to participate in the e-auction Process of the Corporate Debtor. 5. Learned Sr. Counsel appearing for t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... auction for sale of Metals & Scrap and Land and Buildings as a whole at Dahej. 7. Since, the Liquidator is going for new auction, and the tender document allows him to do so, the objections of the Applicant in various I.As. No. 332 of 2021 and I.A. No. 371 of 2021 will not survive. 8. It is seen from the record that the sale process is delayed for almost three years. Hence, we direct the Liquida ..... X X X X Extracts X X X X X X X X Extracts X X X X
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