Liquidator must not Restrict Sale of Corporate Debtor’s Assets through Private Sale to Single Buyer, Should Attract Multiple Buyers: NCLT

NCLT ruled that a liquidator must not restrict the sale of corporate debtor's assets through private sale to a single buyer and should attract multiple buyers. This decision aims to maximize the recovery of assets during liquidation. The ruling promotes transparency and fairness in asset sales. NCLT’s ruling promotes asset recovery. This decision is important for liquidations. This judgement is important for fairness.