https://www.taxtmi.com/caselaws?id=469338 A liquidation cannot be treated as complete, and a liquidator cannot be discharged, merely because a going concern sale has occurred. Completion requires full identification and reconciliation of the liquidation estate, transparent accounts, proper treatment of pending litigations and asset-linked exposures, and completion of statutory filings and final reporting under the Insolvency and Bankruptcy Code, 2016 and the Liquidation Regulations, 2016. On the materials filed, the disclosures were found fragmented, internally inconsistent and incomplete, so immediate discharge was declined and further reconciliation, reporting and compliance were directed before closure could be considered. en-us Wed, 25 Feb 2026 00:00:00 +0530 Mon, 15 Jun 2026 16:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469338 A liquidation cannot be treated as complete, and a liquidator cannot be discharged, merely because a going concern sale has occurred. Completion requires full identification and reconciliation of the liquidation estate, transparent accounts, proper treatment of pending litigations and asset-linked exposures, and completion of statutory filings and final reporting under the Insolvency and Bankruptcy Code, 2016 and the Liquidation Regulations, 2016. On the materials filed, the disclosures were found fragmented, internally inconsistent and incomplete, so immediate discharge was declined and further reconciliation, reporting and compliance were directed before closure could be considered. Case-Laws IBC Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469338