Where a corporate debtor was sold as a going concern in...

Where a corporate debtor was sold as a going concern in liquidation, the auction purchaser was held liable for electricity 'true-up' charges levied after issuance of the sale certificate, since under the Liquidation Process Regulations the purchaser bears post-sale operational liabilities and 'as per law' does not negate such statutory/regulatory dues; reliance on the regulator's order provision to claim absolution was rejected, and the challenge to the levy failed. The appeal challenging observations relating to a contempt petition was held not maintainable because any alleged contempt of the adjudicating authority's order must be examined only by that adjudicating authority, leaving no surviving cause in appeal. - NCLAT