The appeal was filed against an order passed by the Adjudicating Authority on 2024-06-18 regarding an I.A. filed by the Liquidator. The Appellant was declared the successful bidder in the liquidation proceeding of the Corporate Debtor, following a public announcement on 2022-09-29. The Appellant then filed an I.A. seeking reliefs and concessions, which was allowed on 2024-05-10. The Adjudicating Authority reserved its order on the application for dissolution on 2024-01-04 and subsequently allowed it on 2024-06-18. The Appellant contends they were not made a party to the dissolution application and were not heard. The Appellant argues that the Adjudicating Authority was unaware of the earlier order granting reliefs and concessions when passing the dissolution order.

The appeal was filed against an order passed by the Adjudicating Authority on 2024-06-18 regarding an I.A. filed by the Liquidator. The Appellant was declared the successful bidder in the liquidation proceeding of the Corporate Debtor, following a public announcement on 2022-09-29. The Appellant then filed an I.A. seeking reliefs and concessions, which was allowed on 2024-05-10. The Adjudicating Authority reserved its order on the application for dissolution on 2024-01-04 and subsequently allowed it on 2024-06-18. The Appellant contends they were not made a party to the dissolution application and were not heard. The Appellant argues that the Adjudicating Authority was unaware of the earlier order granting reliefs and concessions when passing the dissolution order.