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, although land ownership remains with another party. The purchaser acquires no better rights than the corporate debtor and remains bound by surviving BOT obligations, including transfer of the facility at the end of the concession term. Sale completion caused no prejudice where the intervention application neither challenged the completed sale nor sought substantive relief and was later withdrawn. Pre-existing liabilities were extinguished under the clean slate principle, while no fraud, material irregularity or substantial undervaluation was established. 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, although land ownership remains with another party. The purchaser acquires no better rights than the corporate debtor and remains bound by surviving BOT obligations, including transfer of the facility at the end of the concession term. Sale completion caused no prejudice where the intervention application neither challenged the completed sale nor sought substantive relief and was later withdrawn. Pre-existing liabilities were extinguished under the clean slate principle, while no fraud, material irregularity or substantial undervaluation was established. Case-Laws IBC Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795040