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2021 (12) TMI 1458 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI.Irregularity in the e-auction process in terms of Regulation 33 and Schedule 1 of the IBBI (Liquidation Process) Regulations, 2016 or not - existence of whiff of any short of collusion between the highest bidder and other bidders - validity of cancellation of present auction - HELD THAT:- It is submitted that the Appeal may be disposed of with this liberty that in case, any occasion arises, the Appellant will be at liberty to agitate the grounds before the Appropriate forum or may file an Application for revival of this Appeal. It is thought proper to dispose of this Appeal in the light of the aforesaid submissions - appeal disposed off.
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