NCLAT Chennai hears appeals challenging liquidation process of Shree Murugan Flour Mills, raising serious concerns about fairness.
Tribunal questions liquidator's sale of plant as going concern after land was sold separately via SARFAESI auction.
Auction purchaser Coimbatore Child Trust Hospital accused of misrepresenting machinery use for nutritional powder production.
Court directs liquidator to appear with all CoC/SCC meeting minutes for further examination of alleged irregularities.