https://www.taxtmi.com/caselaws?id=795040 Leasehold, operational and project rights vested in a corporate debtor under BOT, lease and shareholders' arrangements form part of the liquidation estate and may be sold by auction, even where land ownership remains with another party. The purchaser acquires only the rights formerly held by the corporate debtor, takes no superior title, and remains bound by surviving BOT obligations, including transfer of the facility at the end of the concession term. Completion of sale without simultaneous disposal of an intervention application causes no prejudice where no substantive challenge to the sale was pursued. The article notes that clean-slate treatment extinguishes pre-existing liabilities, while subsisting contractual obligations remain enforceable. en-us Tue, 14 Jul 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795040 Leasehold, operational and project rights vested in a corporate debtor under BOT, lease and shareholders' arrangements form part of the liquidation estate and may be sold by auction, even where land ownership remains with another party. The purchaser acquires only the rights formerly held by the corporate debtor, takes no superior title, and remains bound by surviving BOT obligations, including transfer of the facility at the end of the concession term. Completion of sale without simultaneous disposal of an intervention application causes no prejudice where no substantive challenge to the sale was pursued. The article notes that clean-slate treatment extinguishes pre-existing liabilities, while subsisting contractual obligations remain enforceable. Case-Laws IBC Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795040