{"id":1606,"date":"2025-06-28T10:02:56","date_gmt":"2025-06-28T10:02:56","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=1606"},"modified":"2025-06-28T10:02:58","modified_gmt":"2025-06-28T10:02:58","slug":"ibbi-nclat-delhi-judgement-dated-16-05-2025-nclat-upholds-multiple-challenge-rounds-in-insolvency-process","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/06\/28\/ibbi-nclat-delhi-judgement-dated-16-05-2025-nclat-upholds-multiple-challenge-rounds-in-insolvency-process\/","title":{"rendered":"IBBI NCLAT Delhi Judgement Dated 16\/05\/2025 – NCLAT upholds multiple challenge rounds in Insolvency Process"},"content":{"rendered":"\n

Case of Anuj Goyal vs Amit Chandrakant Shah, NCLAT Delhi Judgement Dated 16th<\/sup>\u00a0May 2025.<\/em>\u00a0The appellate tribunal has affirmed the Adjudicating Authority\u2019s decision to allow the Resolution Professional (RP) to conduct a second and even third challenge mechanism in the Corporate Insolvency Resolution Process (CIRP). It reinforces the Committee of Creditors\u2019 (CoC) broad discretion in maximizing the value of the corporate debtor, even if it means allowing new bidders or additional rounds of bidding.\u00a0<\/p>\n\n\n\n

(Link: NCLAT Delhi Judgement Dated 16\/05\/2025)<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Case of Anuj Goyal vs Amit Chandrakant Shah, NCLAT Delhi Judgement Dated 16th\u00a0May 2025.\u00a0The appellate tribunal has affirmed the Adjudicating […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,69],"tags":[],"class_list":["post-1606","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-judiciary-ibbi"],"yoast_head":"\nIBBI NCLAT Delhi Judgement Dated 16\/05\/2025 - 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