M/S Asj Fnsolutions Pvt. Ltd vs Vikram Bajaj

M/S Asj Fnsolutions Pvt. Ltd vs Vikram Bajaj on 28 September, 2026 2026 INSC 1062 Non-Reportable IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION Civil Appeal No.13023 of 2025 M/S ASJ FINSOLUTIONS PVT. LTD. ...Appellant(s) Versus VIKRAM BAJAJ ...Respondent(s) JUDGMENT K. VINOD CHANDRAN, J. The appellant is the successful bidder in an auction conducted in the liquidation process initiated by the Resolution Professional (RP) appointed under the Insolvency and Bankruptcy Code, 20161, aggrieved with the impugned order of the National Company Law Appellate Tribunal (NCLAT), which reversed the order of the National Company Law Tribunal (NCLT) and affirmed the forfeiture of Earnest Money Deposit (EMD) for reason of the successful bidder having not paid the Signature Not Verified balance sale consideration within 90 days. Digitally signed by VISHAL ANAND Date: 2026.09.28 18:35:39 IST Reason: 1 Hereinafter referred to as ‘IBC’ CA No. 13023 of 2025 Page 1 of 15 2. We heard Ms.Meenakshi Arora, learned Senior Counsel for the appellant and Mr. Abhishek Anand, learned Counsel for the respondent-Resolution Professional (RP) of the Corporate Debtor (CD). 3. The subject property; Lot No.5-measuring 68K, 17M situated at Village Nangal Khurd Tehsil, Sonepat, Haryana, with a reserve…