{"id":3750,"date":"2025-12-21T19:03:15","date_gmt":"2025-12-21T19:03:15","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=3750"},"modified":"2025-12-21T19:03:17","modified_gmt":"2025-12-21T19:03:17","slug":"ibbi-dc-order-dated-11-12-2025-ibbi-suspends-liquidator-for-arbitrary-rejection-of-bids-in-liquidation-auction","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/12\/21\/ibbi-dc-order-dated-11-12-2025-ibbi-suspends-liquidator-for-arbitrary-rejection-of-bids-in-liquidation-auction\/","title":{"rendered":"IBBI DC Order Dated 11\/12\/2025 &#8211; IBBI suspends Liquidator for arbitrary rejection of bids in Liquidation Auction\u00a0\u00a0"},"content":{"rendered":"\n<p>The DC noted that e-auction Bid Application Form granted the Liquidator broad discretionary powers to demand documents, accept or reject offers, cancel auctions, and determine the successful bidder. The DC held that these clauses conflicted with the statutory framework under Schedule I of the Liquidation Regulations, which requires transparent, reasoned decisions, including mandatory intimation of reasons when a highest bid is rejected. The second contravention related to the convening of the 6th SCC meeting, without even 24 hours\u2019 notice. Regulations require a minimum five-day notice for meetings, reducible to not less than 24 hours. DC suspended the registration of IP Amresh Shukla for six months.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/order\/27c18db79508f683a1b3e86d068200d4.pdf\"><em>(Link: IBBI DC Order dared 11\/12\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DC noted that e-auction Bid Application Form granted the Liquidator broad discretionary powers to demand documents, accept or reject [&hellip;]<\/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":[66,98],"tags":[],"class_list":["post-3750","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-ibbi-orders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI DC Order Dated 11\/12\/2025 - IBBI suspends Liquidator for arbitrary rejection of bids in Liquidation Auction\u00a0\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/12\/21\/ibbi-dc-order-dated-11-12-2025-ibbi-suspends-liquidator-for-arbitrary-rejection-of-bids-in-liquidation-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBBI DC Order Dated 11\/12\/2025 - IBBI suspends Liquidator for arbitrary rejection of bids in Liquidation Auction\u00a0\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The DC noted that e-auction Bid Application Form granted the Liquidator broad discretionary powers to demand documents, accept or reject [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/12\/21\/ibbi-dc-order-dated-11-12-2025-ibbi-suspends-liquidator-for-arbitrary-rejection-of-bids-in-liquidation-auction\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; 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