Case of Bhavik Bhimjyani vd Uday Vinodchandra, NCLAT Judgement Dated 30th May 2025. The appellant tribunal held that proposed sale in the form of private sale to related party being not in conformity with Regulation 33 of IBBI (Liquidation Regulations), 2016 hence order of Adjudication Authority is set aside. Moreover, for a transparent and unbiased liquidation process, a new Liquidator should be appointed immediately. New Liquidator should ensure that the whole process of liquidation is taken up afresh starting with public auction or private as per law. (Link: NCLAT Delhi Judgement Dated 30/05/2025)