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NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, Member (J), Man Mohan Gupta, Member (T)
Swati Sanil Sahu – Appellant
Versus
Chaya Gupta Liquidator of Gwalior Polypipes Ltd – Respondent
| Table of Content |
|---|
| 1. procedural correction of counsel appearance (Para 1 , 2 , 3) |
| 2. cirp initiation and liquidation order (Para 4 , 5 , 6 , 7 , 8) |
| 3. first e-auction technical glitch resolved (Para 9 , 10 , 11 , 12) |
| 4. second e-auction glitch prevents participation (Para 13 , 14 , 15 , 16 , 17) |
| 5. auction conducted properly with multiple bidders (Para 18 , 19 , 20 , 21 , 22 , 23) |
| 6. applicant's lapse; scc approves proceeding (Para 24 , 25 , 26 , 27 , 28) |
| 7. liquidator consents to re-bid for value maximization (Para 29 , 30 , 31 , 32) |
| 8. technical constraints prevent auction modification (Para 33 , 34) |
| 9. framing issues on glitch and re-auction (Para 35 , 36) |
ORDER
1. Present application has been filed under section 60(5) of the Insolvency and Bankruptcy Code,2016 and Rule 11 of the NCLT Rules, 2016 seeking following reliefs:
a. To allow the present application.
b. Quash the E-Auction proceedings conducted by the Respondent No. 1 on 06/11/2025 in terms of Auction Notice dated 30/10/2025, c. Direct the Respondent No. 1 to permit the Applicant herein to participate in the further auction proceedings for the sale of Asset in question or in the alternative, d. Permit inter-se bidding between the h
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