21/03/2024

[Joint sale of assets of Corporate Debtor and a Third Person/Guarantor] When subsequent E-auction Notice had come into existence then the Appellant is only to assail the subsequent E-auction Notice, if it so desires/advised – Ansio Industries Pvt. Ltd. Vs. Venkat Ram Spinners Pvt. Ltd. and Ors. – NCLAT Chennai

In this case, NCLAT pertinently points out, that obviously, the Learned Counsel for the Appellant/Petitioner is not desirous of assailing the subsequent E-auction Notice dated 15.02.2024, (being the later development, after the earlier Auction Notice dated 16.09.2023) and in the absence of any challenge to the subsequent E-auction Notice dated 15.02.2024, then in law, it amounts to waiver, Acquiescence and also Estoppel By Conduct of the Appellant/Petitioner.

[Joint sale of assets of Corporate Debtor and a Third Person/Guarantor] When subsequent E-auction Notice had come into existence then the Appellant is only to assail the subsequent E-auction Notice, if it so desires/advised – Ansio Industries Pvt. Ltd. Vs. Venkat Ram Spinners Pvt. Ltd. and Ors. – NCLAT Chennai Read Post »

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