https://www.taxtmi.com/caselaws?id=421215 The Tribunal dismissed the Applicant's Section 60(5) IBC application seeking relief for RC Book issuance and name transfer for vehicles purchased in E-Auction post-liquidation. The Tribunal held that the property was sold "as is where is," with existing encumbrances, and the Applicant, aware of these terms, could not demand registration post-purchase. Not involving the charge holder and failure to address the 2nd Respondent's demands led to the dismissal of the application. Successful bidders in liquidation sales remain liable for previous dues on purchased assets, with no costs awarded. en-us Thu, 31 Mar 2022 00:00:00 +0530 Wed, 20 Apr 2022 08:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421215 The Tribunal dismissed the Applicant's Section 60(5) IBC application seeking relief for RC Book issuance and name transfer for vehicles purchased in E-Auction post-liquidation. The Tribunal held that the property was sold "as is where is," with existing encumbrances, and the Applicant, aware of these terms, could not demand registration post-purchase. Not involving the charge holder and failure to address the 2nd Respondent's demands led to the dismissal of the application. Successful bidders in liquidation sales remain liable for previous dues on purchased assets, with no costs awarded. Case-Laws Insolvency and Bankruptcy Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421215