The Appellant, MS Biotech Private Limited, was the successful bidder for the Corporate Debtor, M/s. Veda Biofuel Limited. The sale notice was issued on 21.08.2024, and the e-auction was conducted on 16.09.2024.
MS Biotech Private Limited was the successful bidder for M/s. Veda Biofuel Limited.
The sale notice was issued on 21.08.2024, and the e-auction was conducted on 16.09.2024.
The Liquidator filed IA No. 41/2025 seeking to record the completion of the sale and grant reliefs to the successful bidder.
The NCLT rejected IA No. 41/2025 on 03.07.2025, which was later rectified on 18.07.2025.
The Appellant had previously filed IA(IBC)/414/2024 for similar reliefs, which was withdrawn.
The auction notice contained 'as is where is' clauses.
Other IAs challenging the auction are pending adjudication.
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Sale notice f…
E-auction was…
The Appellant, MS Biotech Private Limited, was the successful bidder for the Corporate Debtor, M/s. Veda Biofuel Limited. The sale notice was issued on 21.08.2024, and the e-auction was conducted on 16.09.2024.
MS Biotech Private Limited was the successful bidder for M/s. Veda Biofuel Limited.
The sale notice was issued on 21.08.2024, and the e-auction was conducted on 16.09.2024.
The Liquidator filed IA No. 41/2025 seeking to record the completion of the sale and grant reliefs to the successful bidder.
The NCLT rejected IA No. 41/2025 on 03.07.2025, which was later rectified on 18.07.2025.
The Appellant had previously filed IA(IBC)/414/2024 for similar reliefs, which was withdrawn.
The auction notice contained 'as is where is' clauses.
Other IAs challenging the auction are pending adjudication.
Sale notice f…
E-auction was…