https://www.taxtmi.com/caselaws?id=296950 In a public auction sale under the SARFAESI regime, once the bid is accepted and the sale is confirmed by the authorised officer, the sale becomes absolute and title vests in the purchaser; the sale certificate is only evidence of that title and its later registration does not complete the sale. Applying that principle, the Tribunal found the auction, confirmation, and issuance of the sale certificate had all occurred before commencement of CIRP, so the subsequent registration did not attract the moratorium under the Insolvency and Bankruptcy Code. The completed auction sale was therefore not liable to be annulled. en-us Fri, 04 Sep 2020 00:00:00 +0530 Thu, 12 Aug 2021 21:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296950 In a public auction sale under the SARFAESI regime, once the bid is accepted and the sale is confirmed by the authorised officer, the sale becomes absolute and title vests in the purchaser; the sale certificate is only evidence of that title and its later registration does not complete the sale. Applying that principle, the Tribunal found the auction, confirmation, and issuance of the sale certificate had all occurred before commencement of CIRP, so the subsequent registration did not attract the moratorium under the Insolvency and Bankruptcy Code. The completed auction sale was therefore not liable to be annulled. Case-Laws Insolvency and Bankruptcy Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296950