I guffaw, sir. I see bankruptcy judges ignore the will of creditors on the daily. It is in their nature to do so because by nature of the bankruptcy system, walking in the door creditors are unhappy they're going to take a haircut and have to ask for more than they know they'll get.
The law is Debtor friendly, not creditor. And in my experience, bankruptcy judges more often lean towards the Debtors, because that's who keeps showing up at the courthouse represented by law firms they want to work for in the future. At least that's true in what I see, in higher profile Chapter 11 cases.
I don't think "pragmatic" is mentioned in the Bankruptcy Code. And the whole issue here wasn't that daddy was getting a sweetheart deal, it was that Daddy's backers put more money on the table. THAT is what is at issue. I say again, it's money that matters in this context. Cash money, today.
We can agree that it was fun, and felt just that The Onion bought out InfoWars. At a personal level, that's what I'd like to see happen. I want the parents to get what they want. But I also recognize that if there was more money from another source, the Trustee left open the door to questioning the results of the auction. Moreover, it put the Judge in a position of having to make that inquiry not to be overturned on appeal. That's the practical reality of why this case is where it is.