https://www.taxtmi.com/caselaws?id=423982 The Tribunal granted relief to the applicant, the successful purchaser of the corporate debtor, by allowing extinguishing pre-sale tax dues and issuing necessary NOCs. The Liquidator was held not liable for NOCs post-sale as the sale was on an "As is Where is" basis. The Sale Certificate absolved the purchaser of pre-11.08.2021 liabilities. Respondents No.2 & 3 were estopped from raising issues due to untimely claims. The Tribunal emphasized the need for resolution applicants to start afresh post-approval without surprise claims to prevent re-entry into insolvency. en-us Wed, 18 May 2022 00:00:00 +0530 Mon, 20 Jun 2022 08:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423982 The Tribunal granted relief to the applicant, the successful purchaser of the corporate debtor, by allowing extinguishing pre-sale tax dues and issuing necessary NOCs. The Liquidator was held not liable for NOCs post-sale as the sale was on an "As is Where is" basis. The Sale Certificate absolved the purchaser of pre-11.08.2021 liabilities. Respondents No.2 & 3 were estopped from raising issues due to untimely claims. The Tribunal emphasized the need for resolution applicants to start afresh post-approval without surprise claims to prevent re-entry into insolvency. Case-Laws Insolvency and Bankruptcy Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423982