MRG Estates LLP filed a writ petition in the High Court of Delhi against Akash Shinghal, the liquidator of Amira Pure Foods Private Limited, and others. The petitioner sought a mandamus directing the liquidator to hold an e-auction sale of Amira Pure Foods Pvt. Ltd. using the Swiss Challenge method. The petitioner also sought directions regarding the sale of immovable property and the issuance of regulations/guidelines for liquidators/resolution professionals under Section 196(1)(t) of the IBC.
MRG Estates LLP filed a writ petition seeking a mandamus to direct the liquidator of Amira Pure Foods Private Limited to conduct an e-auction sale using the Swiss Challenge method. The petitioner also sought directions regarding the sale of immovable property and the issuance of regulations/guidelines for liquidators/resolution professionals. The Stakeholder Consultation Committee (SCC) had previously rejected the adoption of the Swiss Challenge method. The petitioner argued that the method is permitted in other sectors and the regulations should be reconsidered. The court considered the arguments and directed the respondent to consider the petition as a representation on the issue of adopting the Swiss Challenge method.
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The contents of the present petition were…
The Court disposed of the petition,…
MRG Estates LLP filed a writ petition in the High Court of Delhi against Akash Shinghal, the liquidator of Amira Pure Foods Private Limited, and others. The petitioner sought a mandamus directing the liquidator to hold an e-auction sale of Amira Pure Foods Pvt. Ltd. using the Swiss Challenge method. The petitioner also sought directions regarding the sale of immovable property and the issuance of regulations/guidelines for liquidators/resolution professionals under Section 196(1)(t) of the IBC.
MRG Estates LLP filed a writ petition seeking a mandamus to direct the liquidator of Amira Pure Foods Private Limited to conduct an e-auction sale using the Swiss Challenge method. The petitioner also sought directions regarding the sale of immovable property and the issuance of regulations/guidelines for liquidators/resolution professionals. The Stakeholder Consultation Committee (SCC) had previously rejected the adoption of the Swiss Challenge method. The petitioner argued that the method is permitted in other sectors and the regulations should be reconsidered. The court considered the arguments and directed the respondent to consider the petition as a representation on the issue of adopting the Swiss Challenge method.
The contents of the present petition were…
The Court disposed of the petition,…