Liquidation of corporate debtor - disposal of asseets - The mere ...

Appeal Dismissed: Higher Offer Alone Insufficient to Challenge Corporate Debtor Liquidation u/s 230 Proceedings.

June 4, 2022

Case Laws     Insolvency and Bankruptcy     AT

Liquidation of corporate debtor - disposal of asseets - The mere fact that the Appellants in this Appeal claims that they are interested to offer a higher amount to one which the Corporate Debtor has been auctioned cannot be a ground to entertain this Appeal or interfere with the impugned order. Everyone including the Appellants had ample opportunity before the Adjudicating Authority when proceedings were on to submit appropriate Scheme Under Section 230. - AT

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