https://www.taxtmi.com/caselaws?id=415010 In a liquidation sale conducted on an "as is where is" and "no recourse" basis, municipal property tax dues that accrued before sale confirmation are treated as claims against the corporate debtor or liquidation estate, not as liability of the auction purchaser. The sale having been completed and possession delivered before the demand notice, earlier public charges were to be addressed within the liquidation framework and discharged by the seller-side process. The purchaser therefore cannot be fastened with pre-sale municipal dues, and a demand notice seeking to recover them from the purchaser is not sustainable. en-us Mon, 22 Nov 2021 00:00:00 +0530 Wed, 24 Nov 2021 06:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415010 In a liquidation sale conducted on an "as is where is" and "no recourse" basis, municipal property tax dues that accrued before sale confirmation are treated as claims against the corporate debtor or liquidation estate, not as liability of the auction purchaser. The sale having been completed and possession delivered before the demand notice, earlier public charges were to be addressed within the liquidation framework and discharged by the seller-side process. The purchaser therefore cannot be fastened with pre-sale municipal dues, and a demand notice seeking to recover them from the purchaser is not sustainable. Case-Laws Insolvency and Bankruptcy Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415010