https://www.taxtmi.com/caselaws?id=467101 A joint/composite sale under the SARFAESI Act of land parcels owned by the corporate debtor and its promoters was permitted where the parcels were found factually inseparable for maximising realisation and the liquidator raised no objection; the legal principle applied is that a composite sale is allowable if it enhances realisation and the proportionate proceeds attributable to the liquidation estate are transferred to the liquidator. The Tribunal upheld the Adjudicating Authority's direction, rejected challenge arguments that the mechanism prejudiced the liquidation estate, and dismissed the appeal. 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 joint/composite sale under the SARFAESI Act of land parcels owned by the corporate debtor and its promoters was permitted where the parcels were found factually inseparable for maximising realisation and the liquidator raised no objection; the legal principle applied is that a composite sale is allowable if it enhances realisation and the proportionate proceeds attributable to the liquidation estate are transferred to the liquidator. The Tribunal upheld the Adjudicating Authority's direction, rejected challenge arguments that the mechanism prejudiced the liquidation estate, and dismissed the appeal. Case-Laws IBC Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467101