https://www.taxtmi.com/caselaws?id=782498 The moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016 operates prospectively and does not unsettle a secured asset auction that was already concluded and confirmed before the insolvency petition was filed. Because the sale consideration had been paid and the sale certificate issued, the auction purchaser's rights had crystallised, and the personal guarantor's right of redemption had extinguished before commencement of the moratorium. The auctioned asset therefore no longer formed part of the guarantor's estate, and exclusion of that asset from the Section 94 proceeding was upheld. en-us Thu, 30 Oct 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782498 The moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016 operates prospectively and does not unsettle a secured asset auction that was already concluded and confirmed before the insolvency petition was filed. Because the sale consideration had been paid and the sale certificate issued, the auction purchaser's rights had crystallised, and the personal guarantor's right of redemption had extinguished before commencement of the moratorium. The auctioned asset therefore no longer formed part of the guarantor's estate, and exclusion of that asset from the Section 94 proceeding was upheld. Case-Laws IBC Thu, 30 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782498