https://www.taxtmi.com/highlights?id=103072 Continuation of a pre-liquidation aircraft sale process is not barred merely because liquidation begins, where the sale had been approved during the insolvency process and was later adopted by the Stakeholders' Consultation Committee. No material irregularity or illegality was established in completing the sale. Former employees could not challenge the transaction on that basis; their entitlement remained limited to recovery of dues under the statutory liquidation waterfall. The challenge to the sale and the related order was dismissed. en-us Wed, 26 Aug 2026 08:27:49 +0530 Wed, 26 Aug 2026 08:27:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103072 Continuation of a pre-liquidation aircraft sale process is not barred merely because liquidation begins, where the sale had been approved during the insolvency process and was later adopted by the Stakeholders' Consultation Committee. No material irregularity or illegality was established in completing the sale. Former employees could not challenge the transaction on that basis; their entitlement remained limited to recovery of dues under the statutory liquidation waterfall. The challenge to the sale and the related order was dismissed. Highlights IBC Wed, 26 Aug 2026 08:27:49 +0530 https://www.taxtmi.com/highlights?id=103072