https://www.taxtmi.com/caselaws?id=467182 The CoC determined that including the appellant's adjacent personal immovable property in the CIRP was necessary to maximise realisation because the corporate debtor's limited assets and a landlocked leasehold showroom made composite sale the only viable route; financial creditor support and reserved security rights informed that choice. The tribunal applied principles treating mortgaged guarantor property within composite asset realisation and held that interim moratoria on personal guarantors do not prevent CIRP actions against the corporate debtor. The CoC's commercially driven liquidation decision, supported by overwhelming votes and compliant procedure, was upheld and the appeal dismissed. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 10 Mar 2026 08:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467182 The CoC determined that including the appellant's adjacent personal immovable property in the CIRP was necessary to maximise realisation because the corporate debtor's limited assets and a landlocked leasehold showroom made composite sale the only viable route; financial creditor support and reserved security rights informed that choice. The tribunal applied principles treating mortgaged guarantor property within composite asset realisation and held that interim moratoria on personal guarantors do not prevent CIRP actions against the corporate debtor. The CoC's commercially driven liquidation decision, supported by overwhelming votes and compliant procedure, was upheld and the appeal dismissed. Case-Laws IBC Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467182