https://www.taxtmi.com/caselaws?id=787909 Under the tax-recovery sale scheme applied through the Recovery of Debts and Bankruptcy Act, 1993 and the Second Schedule to the Income-tax Act, a sale becomes absolute once the full purchase price is paid, the Tax Recovery Officer confirms the sale, and no challenge to set aside the sale remains pending. On that basis, the auction sale confirmed on 20.11.2023 had already vested title in the purchaser before CIRP commenced on 01.01.2024. The later issuance of the sale certificate was only a ministerial act recording an already completed sale and did not attract Section 14 of the Insolvency and Bankruptcy Code, 2016 or undo the purchaser's title. en-us Wed, 11 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787909 Under the tax-recovery sale scheme applied through the Recovery of Debts and Bankruptcy Act, 1993 and the Second Schedule to the Income-tax Act, a sale becomes absolute once the full purchase price is paid, the Tax Recovery Officer confirms the sale, and no challenge to set aside the sale remains pending. On that basis, the auction sale confirmed on 20.11.2023 had already vested title in the purchaser before CIRP commenced on 01.01.2024. The later issuance of the sale certificate was only a ministerial act recording an already completed sale and did not attract Section 14 of the Insolvency and Bankruptcy Code, 2016 or undo the purchaser's title. Case-Laws IBC Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787909