The liquidator of Kohinoor Pulp & Paper Private Limited filed an application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, seeking permission to conduct an auction sale of the corporate debtor's plant and machinery. The liquidator proposed a reserve price of Rs. 3.60 Crore, noting that previous attempts to sell the assets at higher reserve prices, including Rs. 11.50 Crore and later Rs. 6.50 Crore, had failed to attract bidders. The liquidator considered Rs. 3.60 Crore a reasonable midpoint value based on an offer of Rs. 1.50 Crore and the last reserve price of Rs. 6.50 Crore. The Stakeholders Consultation Committee (SCC), comprising various banks such as Indian Overseas Bank, Bank of Baroda, Union Bank, Federal Bank, UCO Bank, and

The liquidator of Kohinoor Pulp & Paper Private Limited filed an application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, seeking permission to conduct an auction sale of the corporate debtor's plant and machinery. The liquidator proposed a reserve price of Rs. 3.60 Crore, noting that previous attempts to sell the assets at higher reserve prices, including Rs. 11.50 Crore and later Rs. 6.50 Crore, had failed to attract bidders. The liquidator considered Rs. 3.60 Crore a reasonable midpoint value based on an offer of Rs. 1.50 Crore and the last reserve price of Rs. 6.50 Crore. The Stakeholders Consultation Committee (SCC), comprising various banks such as Indian Overseas Bank, Bank of Baroda, Union Bank, Federal Bank, UCO Bank, and