The Liquidator of Moser Baer Solar Limited, Arvind Garg, filed I.A. No. 4727 of 2026 seeking clarification of Para 56(iv) of the Tribunal's judgment dated 29.05.2026. The clarification pertained to the refund of Rs. 54 crore deposited by JFC Finance (India) Limited, the second highest bidder in a fresh e-auction. The Liquidator requested to keep the refund in abeyance until the highest bidder remitted the full sale consideration.
I.A. No. 4727 of 2026 was filed by Arvind Garg, Liquidator of Moser Baer Solar Limited, seeking clarification of the judgment passed by the NCLAT in CA(AT)(Ins) No. 1820 of 2025 dated 29.05.2026, specifically Para 56(iv).
The clarification sought pertains to the refund of a deposit of Rs. 54 crore made by JFC Finance (India) Limited.
A fresh e-auction was conducted on 01.07.2026 by the Liquidator, pursuant to the Tribunal's directions.
In the fresh e-auction, a Highest Bidder (H1) emerged with a bid value of Rs. 168 crore.
JFC Finance (India) Limited emerged as the second highest bidder (H2) with a bid of Rs. 167 crore.
The H1 bidder is yet to remit the entire sale consideration of Rs. 168 crore, with time allowed till 30.09.2026.
…Sign in to view the parties.
The e-auction of the Corporate Debtor-MBSL…
Judgment passed by the Tribunal in CA(AT)(Ins)…
Sign in to view related legal provisions.
The Liquidator of Moser Baer Solar Limited, Arvind Garg, filed I.A. No. 4727 of 2026 seeking clarification of Para 56(iv) of the Tribunal's judgment dated 29.05.2026. The clarification pertained to the refund of Rs. 54 crore deposited by JFC Finance (India) Limited, the second highest bidder in a fresh e-auction. The Liquidator requested to keep the refund in abeyance until the highest bidder remitted the full sale consideration.
I.A. No. 4727 of 2026 was filed by Arvind Garg, Liquidator of Moser Baer Solar Limited, seeking clarification of the judgment passed by the NCLAT in CA(AT)(Ins) No. 1820 of 2025 dated 29.05.2026, specifically Para 56(iv).
The clarification sought pertains to the refund of a deposit of Rs. 54 crore made by JFC Finance (India) Limited.
A fresh e-auction was conducted on 01.07.2026 by the Liquidator, pursuant to the Tribunal's directions.
In the fresh e-auction, a Highest Bidder (H1) emerged with a bid value of Rs. 168 crore.
JFC Finance (India) Limited emerged as the second highest bidder (H2) with a bid of Rs. 167 crore.
The H1 bidder is yet to remit the entire sale consideration of Rs. 168 crore, with time allowed till 30.09.2026.
…The e-auction of the Corporate Debtor-MBSL…
Judgment passed by the Tribunal in CA(AT)(Ins)…
Sign in to view related legal provisions.