Joint Auction Under IBC And SARFAESI Is Permissible: NCLAT

National Company Law Appellate Tribunal (NCLAT) Principal Bench comprising of Justice Ashok Bhushan and Ms. Shreesha Merla in the case of Ayan Mallick versus Pratime Bayal upheld the Order of NCLT, Kolkata wherein NCLT held that a joint auction under the provision of Insolvency and Bankruptcy Code, 2016 (IBC/Code) and SARFAESI, 2002 is permissible in order to maximise the value of...