https://www.taxtmi.com/caselaws?id=467104 Where a public auction sale of a corporate debtor as a going concern had been completed with transfer of possession, consideration paid and distributed, and stakeholders issuing no-objection confirmations without substantive challenge, the Adjudicating Authority should not, while deciding an application for reliefs and concessions, suo motu declare the completed going-concern sale null and void; the impugned annulment and related directions were set aside and the successful purchaser was allowed reliefs with leave to file a fresh application within thirty days. en-us Thu, 17 Apr 2025 00:00:00 +0530 Fri, 06 Mar 2026 20:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467104 Where a public auction sale of a corporate debtor as a going concern had been completed with transfer of possession, consideration paid and distributed, and stakeholders issuing no-objection confirmations without substantive challenge, the Adjudicating Authority should not, while deciding an application for reliefs and concessions, suo motu declare the completed going-concern sale null and void; the impugned annulment and related directions were set aside and the successful purchaser was allowed reliefs with leave to file a fresh application within thirty days. Case-Laws IBC Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467104