https://www.taxtmi.com/caselaws?id=787720 A single non-operational, non-revenue-generating property was held not to be an "undertaking" under Section 180(1)(a) of the Companies Act, 2013, because the statutory distinction between assets and undertakings means the 20% threshold applies only after the subject matter first qualifies as an undertaking. No special resolution was therefore required for the sale. The challenge to cancellation also failed: the sale was treated as a SARFAESI distress sale, conducted after valuation on an "as is where is" basis, with no proved mala fides, related-party abuse, undervaluation, perversity, or legal error warranting interference. en-us Mon, 09 Mar 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787720 A single non-operational, non-revenue-generating property was held not to be an "undertaking" under Section 180(1)(a) of the Companies Act, 2013, because the statutory distinction between assets and undertakings means the 20% threshold applies only after the subject matter first qualifies as an undertaking. No special resolution was therefore required for the sale. The challenge to cancellation also failed: the sale was treated as a SARFAESI distress sale, conducted after valuation on an "as is where is" basis, with no proved mala fides, related-party abuse, undervaluation, perversity, or legal error warranting interference. Case-Laws Companies Law Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787720