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2021 (8) TMI 1259 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABADAuction - Seeking to direct the Respondent to disclose 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 2021 and I.A. No. 371 of 2021 will not survive. It is seen from the record that the sale process is delayed for almost three years. Hence, we direct the Liquidator to complete the entire sale process in consultation with stakeholder committee within three weeks from the date of this order - Application disposed off.
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