The case involves a company appeal against an interim order related to IA(IBC)/367(CHE)2026, preferred by the Respondent, seeking an extension of benefits under Section 32A, read with Section 238 of the I&B Code.
The Respondent filed IA(IBC)/367(CHE)2026 seeking an extension of benefits under Section 32A, read with Section 238 of the I&B Code.
The Adjudicating Authority passed an interim order on 05.03.2026.
An auction was earlier held, but the sale was cancelled due to non-payment by the successful auction purchaser.
A new invitation of Expression of Interest was published on 10.01.2026 with the date of auction as 11.02.2026.
The Liquidator processed and confirmed the sale on 11.02.2026 in favor of the Respondent.
The Appellant claims the interim order is prejudicial to his interest.
The Appellate Tribunal directed both parties to participate in the proceedings before the Adjudicating Authority on 26.03.2026.
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The case involves a company appeal against an interim order related to IA(IBC)/367(CHE)2026, preferred by the Respondent, seeking an extension of benefits under Section 32A, read with Section 238 of the I&B Code.
The Respondent filed IA(IBC)/367(CHE)2026 seeking an extension of benefits under Section 32A, read with Section 238 of the I&B Code.
The Adjudicating Authority passed an interim order on 05.03.2026.
An auction was earlier held, but the sale was cancelled due to non-payment by the successful auction purchaser.
A new invitation of Expression of Interest was published on 10.01.2026 with the date of auction as 11.02.2026.
The Liquidator processed and confirmed the sale on 11.02.2026 in favor of the Respondent.
The Appellant claims the interim order is prejudicial to his interest.
The Appellate Tribunal directed both parties to participate in the proceedings before the Adjudicating Authority on 26.03.2026.
New invitation of…
Date of auctio…