https://www.taxtmi.com/caselaws?id=766307 A writ challenge to cancellation of a contract and issuance of a fresh tender was found unsustainable after the corporate debtor entered liquidation and its business was acquired as a going concern. The principle of finality attached to an approved resolution plan was held inapplicable because the dispute arose in liquidation, not under resolution. The Court also noted that the petitioner lacked a viable legal footing to maintain the challenge in the post-acquisition structure, and therefore no relief could be granted. en-us Thu, 06 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 08:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766307 A writ challenge to cancellation of a contract and issuance of a fresh tender was found unsustainable after the corporate debtor entered liquidation and its business was acquired as a going concern. The principle of finality attached to an approved resolution plan was held inapplicable because the dispute arose in liquidation, not under resolution. The Court also noted that the petitioner lacked a viable legal footing to maintain the challenge in the post-acquisition structure, and therefore no relief could be granted. Case-Laws IBC Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766307