The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench, comprising of Justice Anant Bijay Singh (Judicial Member) and Ms. Shreesha Merla (Technical Member), while adjudicating an appeal filed in M/s. SGA Fashion Pvt. Ltd. v CMA Sandeep Kumar Bhatt, has rejected the application filed by an auction bidder close to the auction date, wherein the bidder after having...