https://www.taxtmi.com/caselaws?id=467101 A composite sale of the corporate debtor's plot together with the promoters' adjoining plots was treated as permissible on the facts because the property was found to be indivisible in practice and the joint sale was expected to maximise realisation for the liquidation estate. The sale arrangement was upheld under the SARFAESI framework, with the portion attributable to the corporate debtor directed to be transferred to the Liquidator so that the estate would not be prejudiced. The appellants were also left free to pursue their pending Section 17 remedy before the DRT. en-us Mon, 07 Mar 2022 00:00:00 +0530 Fri, 06 Mar 2026 15:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467101 A composite sale of the corporate debtor's plot together with the promoters' adjoining plots was treated as permissible on the facts because the property was found to be indivisible in practice and the joint sale was expected to maximise realisation for the liquidation estate. The sale arrangement was upheld under the SARFAESI framework, with the portion attributable to the corporate debtor directed to be transferred to the Liquidator so that the estate would not be prejudiced. The appellants were also left free to pursue their pending Section 17 remedy before the DRT. Case-Laws IBC Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467101