Mr. Ajay Kumar Agarwal, a director and shareholder of Aditi Health Oils Private Limited, filed an application against the liquidator, Mr. Krishna Kumar Chhaparia, seeking to restrain an auction and obtain valuation reports. Aditi Health Oils Private Limited entered CIRP on November 21 and liquidation on January 12, 2021. The applicant argued that liquidation valuations were flawed and lower than actual asset values, presenting an e-Assessment Slip indicating higher values. The liquidator argued that the assets were part of a complex with other companies, requiring a surveyor, and that valuations were done by IBBI-registered valuers. Stakeholders had advised using the same valuers as during CIRP. The applicant claimed the reserve price in the sale notice was based on

Mr. Ajay Kumar Agarwal, a director and shareholder of Aditi Health Oils Private Limited, filed an application against the liquidator, Mr. Krishna Kumar Chhaparia, seeking to restrain an auction and obtain valuation reports. Aditi Health Oils Private Limited entered CIRP on November 21 and liquidation on January 12, 2021. The applicant argued that liquidation valuations were flawed and lower than actual asset values, presenting an e-Assessment Slip indicating higher values. The liquidator argued that the assets were part of a complex with other companies, requiring a surveyor, and that valuations were done by IBBI-registered valuers. Stakeholders had advised using the same valuers as during CIRP. The applicant claimed the reserve price in the sale notice was based on