Recently, the National Company Law Tribunal, New Delhi bench comprising of Shri. Dharminder Singh and Ms. Sumita Purkayastha in the matter of Argentium International Pvt. Ltd. Vs. UTM Engineering Pvt. Ltd. held tha Tribunal are not denuded of authority to pierce the ‘corporate veil’ to ascertain the real successful bidder. The Tribunal held that, the
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