Three appeals arose from the insolvency and liquidation proceedings of Corporate Debtor, IMP Powers Limited. STCI Finance Limited, a financial creditor, claimed a first pari passu charge and elected not to relinquish its security interest under Section 52 of the IBC. The Adjudicating Authority dismissed STCI's application to set aside an e-auction sale notice and independently realize secured assets, and later directed the issuance of a sale certificate for the Corporate Debtor sold as a going concern. STCI challenged these orders, arguing a violation of its statutory rights due to the Liquidator's alleged unilateral relinquishment assumption and non-compliance with procedural requirements. The third appeal challenged an order granting reliefs to the successful auction

Three appeals arose from the insolvency and liquidation proceedings of Corporate Debtor, IMP Powers Limited. STCI Finance Limited, a financial creditor, claimed a first pari passu charge and elected not to relinquish its security interest under Section 52 of the IBC. The Adjudicating Authority dismissed STCI's application to set aside an e-auction sale notice and independently realize secured assets, and later directed the issuance of a sale certificate for the Corporate Debtor sold as a going concern. STCI challenged these orders, arguing a violation of its statutory rights due to the Liquidator's alleged unilateral relinquishment assumption and non-compliance with procedural requirements. The third appeal challenged an order granting reliefs to the successful auction