https://www.taxtmi.com/caselaws?id=463500 A corporate debtor sold as a going concern in liquidation was treated as transferable free from pre-acquisition liabilities, charges, encumbrances, and pending claims not preserved in the sale notice. On the basis that the sale consideration had been fully paid and a sale certificate issued, consequential reliefs were granted for extinguishment of old share capital, discharge of former directors, release of charges, continuity of licences and approvals, and protection from past claims, subject to compliance with applicable law, procedure, and prescribed fees. The reliefs were substantially allowed as follow-up measures to complete the takeover and give effect to the completed liquidation sale. en-us Tue, 18 Jun 2024 00:00:00 +0530 Wed, 03 Sep 2025 11:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463500 A corporate debtor sold as a going concern in liquidation was treated as transferable free from pre-acquisition liabilities, charges, encumbrances, and pending claims not preserved in the sale notice. On the basis that the sale consideration had been fully paid and a sale certificate issued, consequential reliefs were granted for extinguishment of old share capital, discharge of former directors, release of charges, continuity of licences and approvals, and protection from past claims, subject to compliance with applicable law, procedure, and prescribed fees. The reliefs were substantially allowed as follow-up measures to complete the takeover and give effect to the completed liquidation sale. Case-Laws IBC Tue, 18 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463500