https://www.taxtmi.com/caselaws?id=788328 Once the corporate debtor was sold as a going concern and the liquidation proceedings were subsequently closed, the earlier order directing commencement of liquidation lost practical effect. The appellate challenge could not be examined on merits because the relief sought had become academic. The appeals were therefore treated as infructuous and dismissed. en-us Fri, 06 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788328 Once the corporate debtor was sold as a going concern and the liquidation proceedings were subsequently closed, the earlier order directing commencement of liquidation lost practical effect. The appellate challenge could not be examined on merits because the relief sought had become academic. The appeals were therefore treated as infructuous and dismissed. Case-Laws IBC Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788328