NCLT Dismisses Fairdeal Suppliers Director's CIRP Challenge

NCLT Kolkata dismissed an application by Fairdeal Suppliers' director challenging the inclusion of a 246-acre Coimbatore property in the CIRP assets.
The tribunal ruled the property rightfully belongs to the corporate debtor, despite an incomplete registration process.
The Resolution Professional's Form G offering three bidding options was upheld as valid under Regulation 36A(1A).
The CoC's commercial wisdom in approving the asset sale approach was deemed final and not interfered with.