#technical glitch

NCLAT has ruled that a technical failure in the e-auction platform excluding a bonafide bidder undermines the core IBC principle of value maximization, rendering the sale void. The liquidator’s duty to ensure fair, transparent, and non-discriminatory bidding cannot be outsourced to flawed systems - this sets a precedent for all future liquidation auctions under the Code.

Bombay High Court holds that taxpayers cannot be penalized for system failures in ICEGATE; directs payment via demand draft to preserve statutory rights.