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Home Highlights March 2024 Year 2024 This

Seeking grant of Interim Stay of the Sale Notice - sale of ...

Insolvency and Bankruptcy

March 30, 2024

Seeking grant of Interim Stay of the Sale Notice - sale of assets of the Corporate Debtor and the property of one Mr. S. Srinivasan (Guarantor) - The adjudicating authority dismissed the appellant's application for relief, citing reasons such as the corporate debtor's properties being mortgaged to a secured financial creditor and previous decisions allowing joint sales of assets. - The tribunal emphasized that the appellant's failure to challenge the subsequent e-auction notice amounted to waiver and estoppel by conduct.

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