https://www.taxtmi.com/caselaws?id=407394 Where a corporate debtor is sold as a going concern in liquidation, the Tribunal may ? approve consequential reliefs needed to implement the acquisition, including equity-based settlement of consideration, cancellation of existing share capital, delisting, and limited regulatory relaxation to effect change in control. The purchaser may also be protected from past liabilities, claims, proceedings, guarantees and pre-transfer non-compliances, while the corporate debtor's recovery rights against third parties are preserved. However, blanket tax and fiscal exemptions, including carry forward of losses and recognition of the bid as a resolution plan, were not granted and were left to the competent authorities. en-us Wed, 28 Apr 2021 00:00:00 +0530 Mon, 10 May 2021 08:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407394 Where a corporate debtor is sold as a going concern in liquidation, the Tribunal may ? approve consequential reliefs needed to implement the acquisition, including equity-based settlement of consideration, cancellation of existing share capital, delisting, and limited regulatory relaxation to effect change in control. The purchaser may also be protected from past liabilities, claims, proceedings, guarantees and pre-transfer non-compliances, while the corporate debtor's recovery rights against third parties are preserved. However, blanket tax and fiscal exemptions, including carry forward of losses and recognition of the bid as a resolution plan, were not granted and were left to the competent authorities. Case-Laws Insolvency and Bankruptcy Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407394