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Home Highlights November 2023 Year 2023 This

CIRP - Auction of the assets of corporate debtor as per ...


Court rules on asset auction rights post-acquisition approval; suspended director's appeal dismissed.

November 17, 2023

Case Laws     Insolvency and Bankruptcy     AT

CIRP - Auction of the assets of corporate debtor as per Acquisition Plan - Liquidation - whether the Successful Auction Purchaser can prosecute the avoidance application after approval of the acquisition plan? - Appellant being the suspended Director - Now allowed - Appeal dismissed - AT

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