https://www.taxtmi.com/caselaws?id=772085 A liquidation sale notice describing assets on an "as is where is", "as is what is", "whatever there is" and "no recourse" basis may still support treatment of the transaction as a going concern sale where the notice covers the corporate debtor's land, buildings, plant and machinery as an integrated whole and does not clearly exclude that character. The text notes that the purchaser was allowed to rely on the sale documents and the absence of any allegation of misuse of reliefs and concessions. It also records that the statutory objective of maximising value through a going concern sale in liquidation supported refusal to interfere with the rejection of dissolution and recall applications. en-us Tue, 06 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772085 A liquidation sale notice describing assets on an "as is where is", "as is what is", "whatever there is" and "no recourse" basis may still support treatment of the transaction as a going concern sale where the notice covers the corporate debtor's land, buildings, plant and machinery as an integrated whole and does not clearly exclude that character. The text notes that the purchaser was allowed to rely on the sale documents and the absence of any allegation of misuse of reliefs and concessions. It also records that the statutory objective of maximising value through a going concern sale in liquidation supported refusal to interfere with the rejection of dissolution and recall applications. Case-Laws IBC Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772085