https://www.taxtmi.com/caselaws?id=447277 The court allowed the appeal, setting aside the NCLT's order that had declared the auction sale of properties illegal under the SARFAESI Act. It was agreed by all parties that the sale was concluded before the moratorium under the Insolvency and Bankruptcy Code was declared. Consequently, the properties were not to be treated as liquidation assets of the Corporate Debtor. The prior order concerning these properties was invalidated, and any pending applications were disposed of. en-us Wed, 06 Dec 2023 00:00:00 +0530 Fri, 22 Dec 2023 09:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447277 The court allowed the appeal, setting aside the NCLT's order that had declared the auction sale of properties illegal under the SARFAESI Act. It was agreed by all parties that the sale was concluded before the moratorium under the Insolvency and Bankruptcy Code was declared. Consequently, the properties were not to be treated as liquidation assets of the Corporate Debtor. The prior order concerning these properties was invalidated, and any pending applications were disposed of. Case-Laws Insolvency and Bankruptcy Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447277