NCLT Amaravati Bench closes application after hearing bankruptcy trustee's update on failed corporate insolvency sale.
Successful bidder in e-auction defaulted after paying only Earnest Money Deposit, which was subsequently forfeited.
Trustee confirms cancellation of sale and intention to conduct fresh auction for the corporate debtor.
130-day extension for bankruptcy process completion until 10 May 2026 was previously granted by the tribunal.