NCLAT sets aside NCLT Mumbai's order cancelling e-auction of 12,981.64 sq m land parcel from S Kumars Nationwide liquidation.
Tribunal finds NCLT's calculation error led to incorrect reserve price assessment and unjustified fresh auction directive.
Krihaan Texchem declared valid auction winner with ₹4.58 crore bid for Plot 825/3 in Jhagadia GIDC.
UPL Limited's appeal dismissed while liquidator directed to issue sale certificate to Krihaan Texchem.