This case involves an appeal against an order dated 06.09.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Ahmedabad Court-2) in I.A. No. 578/2022 in C.P.(IB) 66 of 2017. The appellant, Westcoast Infraprojects Private Limited, challenged the rejection of their application. The liquidation proceedings against the Corporate Debtor, Anil Limited, commenced on 25.10.2018. The Respondent was appointed as Liquidator, who issued an e-Auction Sale Notice on 28.02.2022. The Appellant emerged as the highest bidder in the e-Auction held on 14th March, 2022, for Rs. 3,73,00,00,000/-. The Appellant deposited Rs. 15,00,00,000 as EMD. The Liquidator communicated on 28.03.2022 that the Appellant was the Successful Bidder and required the balance payment by

This case involves an appeal against an order dated 06.09.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Ahmedabad Court-2) in I.A. No. 578/2022 in C.P.(IB) 66 of 2017. The appellant, Westcoast Infraprojects Private Limited, challenged the rejection of their application. The liquidation proceedings against the Corporate Debtor, Anil Limited, commenced on 25.10.2018. The Respondent was appointed as Liquidator, who issued an e-Auction Sale Notice on 28.02.2022. The Appellant emerged as the highest bidder in the e-Auction held on 14th March, 2022, for Rs. 3,73,00,00,000/-. The Appellant deposited Rs. 15,00,00,000 as EMD. The Liquidator communicated on 28.03.2022 that the Appellant was the Successful Bidder and required the balance payment by