Can a Successful Bidder in an IBC Liquidation Sale Seek Reliefs Beyond “As Is Where Is” Terms?
Could the successful bidder in a liquidation sale, having accepted assets on an “as is where is” basis, later seek judicial intervention to secure extensive reliefs and concessions not stipulated in the original auction notice? On April 2, 2026, the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, in Biotech Pvt. Ltd. v. Dr. Kondapalli Venkat Srinivas (Liquidator)1, has answered […]
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