https://www.taxtmi.com/caselaws?id=787908 Impleadment may be warranted where a sale of a secured asset occurred during an operative insolvency moratorium and subsequent CIRP proceedings could affect the purchaser's or secured creditor's rights. Persons with a direct interest in the asset may be necessary or proper parties if their absence could cause collateral prejudice to rights arising from the transaction. Their participation enables submissions on the validity of the challenged CIRP admission and its effect on the secured-asset sale. The applicants were added as respondents, with directions for amendment and service of appeal papers and filing of objections and rejoinder. en-us Tue, 10 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787908 Impleadment may be warranted where a sale of a secured asset occurred during an operative insolvency moratorium and subsequent CIRP proceedings could affect the purchaser's or secured creditor's rights. Persons with a direct interest in the asset may be necessary or proper parties if their absence could cause collateral prejudice to rights arising from the transaction. Their participation enables submissions on the validity of the challenged CIRP admission and its effect on the secured-asset sale. The applicants were added as respondents, with directions for amendment and service of appeal papers and filing of objections and rejoinder. Case-Laws IBC Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787908