The applicant, Bank of Baroda, was declared the Successful Highest Bidder in the e-auction process of the Corporate Debtor, Pratibha Industries Ltd, with a final bid of Rs. 150.10 Crores. The applicant contended that the case needed to be heard on priority as the 90th day to complete the e-auction process was falling on June 5, 2022.

During the hearing of IA 1469/2022, the NCLT found it necessary to have an Affidavit in Reply from the respondent (Liquidator) due to the thorough consideration required for the subject matter. The applicant's Senior Advocate, Mr. Vikram Nankani, stated that the balance consideration of Rs. 67.86 Crores, along with 12% interest, would be payable by the 90th day.

The applicant, Bank of Baroda, was declared the Successful Highest Bidder in the e-auction process of the Corporate Debtor, Pratibha Industries Ltd, with a final bid of Rs. 150.10 Crores. The applicant contended that the case needed to be heard on priority as the 90th day to complete the e-auction process was falling on June 5, 2022.

During the hearing of IA 1469/2022, the NCLT found it necessary to have an Affidavit in Reply from the respondent (Liquidator) due to the thorough consideration required for the subject matter. The applicant's Senior Advocate, Mr. Vikram Nankani, stated that the balance consideration of Rs. 67.86 Crores, along with 12% interest, would be payable by the 90th day.