https://www.taxtmi.com/caselaws?id=414412 The judgment disposed of the application by granting reliefs to the auction purchaser who bought the Corporate Debtor in liquidation as a going concern. It highlighted the responsibilities of the Liquidator in handling claims and dues, relieving the purchaser from pre-sale liabilities. The judgment clarified that exemptions and waivers of statutory dues post-purchase are subject to relevant laws and authorities. While the purchaser could make equity infusions and board reconstitutions, further waivers and concessions were limited. The purchaser was advised to seek additional assistance from relevant authorities within statutory provisions. en-us Thu, 14 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 07:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414412 The judgment disposed of the application by granting reliefs to the auction purchaser who bought the Corporate Debtor in liquidation as a going concern. It highlighted the responsibilities of the Liquidator in handling claims and dues, relieving the purchaser from pre-sale liabilities. The judgment clarified that exemptions and waivers of statutory dues post-purchase are subject to relevant laws and authorities. While the purchaser could make equity infusions and board reconstitutions, further waivers and concessions were limited. The purchaser was advised to seek additional assistance from relevant authorities within statutory provisions. Case-Laws Insolvency and Bankruptcy Thu, 14 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414412