https://www.taxtmi.com/caselaws?id=782336 Regulation 29 permits sale of unencumbered assets in CIRP only within the statutory framework, and a bare price-discovery exercise cannot substitute for that process. The text notes that the Committee of Creditors' decision was not interfered with because the prescribed procedure under Regulation 28 had been complied with, one investment was encumbered, and the other was unencumbered. It further states that sale of the encumbered investment could proceed only after removal of encumbrances, while the unencumbered asset could continue through the regulation-based process. The challenge was rejected as inconsistent with value maximisation and the CIRP Regulations. en-us Fri, 10 Oct 2025 00:00:00 +0530 Fri, 28 Nov 2025 08:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782336 Regulation 29 permits sale of unencumbered assets in CIRP only within the statutory framework, and a bare price-discovery exercise cannot substitute for that process. The text notes that the Committee of Creditors' decision was not interfered with because the prescribed procedure under Regulation 28 had been complied with, one investment was encumbered, and the other was unencumbered. It further states that sale of the encumbered investment could proceed only after removal of encumbrances, while the unencumbered asset could continue through the regulation-based process. The challenge was rejected as inconsistent with value maximisation and the CIRP Regulations. Case-Laws IBC Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782336