Informative

Liquidator can Decide to Proceed With Private sale by ‘Swiss Challenge Method’: NCLAT

Update / Judgement Date

17 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy CodeOther Legal Matters

The NCLAT ruled that a liquidator can decide to proceed with a private sale using the Swiss challenge method. This provides clarity on the process of asset disposal during liquidation. It offers flexibility in sale methods to maximize value.

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Liquidator can Decide to Proceed With Private sale by ‘Swiss Challenge Method’: NCLAT

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