Can sale of assets of Corporate Debtor be converted from sale as a going concern to slump sale basis even Liquidation auction has already been completed – Shree Krishna Recycling India Pvt. Ltd. Vs. Mr. Sanjay Gupta Liquidator, Shamken Multifab Ltd. – NCLT Allahabad Bench
February 9, 2024
In this case, Successful H1 Bidder filed IA for treating the present sale as a going concern to be as a sale under slump sale basis in view of the certain eventualities/difficulties faced by the Successful Bidder/Applicant.