https://www.taxtmi.com/caselaws?id=304540 The Tribunal held that the sale of the Corporate Debtor as a going concern includes both assets and liabilities. The Applicant's argument to be relieved from liabilities was rejected, emphasizing that the sale encompassed all obligations. The Application was dismissed, confirming that the successful bidder must assume both assets and liabilities of the Corporate Debtor. en-us Fri, 06 May 2022 00:00:00 +0530 Sun, 02 Oct 2022 19:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304540 The Tribunal held that the sale of the Corporate Debtor as a going concern includes both assets and liabilities. The Applicant's argument to be relieved from liabilities was rejected, emphasizing that the sale encompassed all obligations. The Application was dismissed, confirming that the successful bidder must assume both assets and liabilities of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304540