https://www.taxtmi.com/caselaws?id=465250 NCLT (Kolkata) approved the sale of the corporate debtor as a going concern and directed the liquidator to issue a sale certificate to the successful bidder upon verification of full consideration and to distribute proceeds in accordance with Section 53 of the IBC and applicable regulations. The Tribunal held it could grant only those waivers and concessions traceable to the IBC and Companies Act, while requests concerning other governmental authorities must be decided by the competent forums, which should consider the IBC's objectives. Pre-CIRP claims not included stand extinguished, but liabilities of personal guarantors are not automatically discharged and depend on the guarantee terms. en-us Mon, 11 Dec 2023 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465250 NCLT (Kolkata) approved the sale of the corporate debtor as a going concern and directed the liquidator to issue a sale certificate to the successful bidder upon verification of full consideration and to distribute proceeds in accordance with Section 53 of the IBC and applicable regulations. The Tribunal held it could grant only those waivers and concessions traceable to the IBC and Companies Act, while requests concerning other governmental authorities must be decided by the competent forums, which should consider the IBC's objectives. Pre-CIRP claims not included stand extinguished, but liabilities of personal guarantors are not automatically discharged and depend on the guarantee terms. Case-Laws IBC Mon, 11 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465250