https://www.taxtmi.com/caselaws?id=787908 Impleadment arising from a sale of a secured asset during an operative moratorium is addressed by identifying when third parties whose substantive rights may be affected must be heard. The note applies the necessary-or-proper-party test, stating that persons with a direct interest in the subject asset whose rights could be collateral casualties of ongoing insolvency proceedings are entitled to participate to protect those rights. The practical effect emphasises securing procedural fairness by permitting affected parties to place legality objections to admissions and to contest impacts on the sale. 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 arising from a sale of a secured asset during an operative moratorium is addressed by identifying when third parties whose substantive rights may be affected must be heard. The note applies the necessary-or-proper-party test, stating that persons with a direct interest in the subject asset whose rights could be collateral casualties of ongoing insolvency proceedings are entitled to participate to protect those rights. The practical effect emphasises securing procedural fairness by permitting affected parties to place legality objections to admissions and to contest impacts on the sale. Case-Laws IBC Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787908