https://www.taxtmi.com/caselaws?id=791449 A Section 94 insolvency application filed after an auction sale had already been concluded and confirmed could not be used to unsettle completed SARFAESI recovery measures or divest the auction purchaser of crystallised rights, because the moratorium under Section 96 operated prospectively. The Tribunal also treated the belated filing as lacking bona fides, since the sequence of events indicated an attempt to obstruct recovery rather than pursue genuine insolvency resolution. On that basis, the rejection of the Section 94 applications was upheld and the appeals failed. en-us Fri, 08 May 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791449 A Section 94 insolvency application filed after an auction sale had already been concluded and confirmed could not be used to unsettle completed SARFAESI recovery measures or divest the auction purchaser of crystallised rights, because the moratorium under Section 96 operated prospectively. The Tribunal also treated the belated filing as lacking bona fides, since the sequence of events indicated an attempt to obstruct recovery rather than pursue genuine insolvency resolution. On that basis, the rejection of the Section 94 applications was upheld and the appeals failed. Case-Laws IBC Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791449