https://www.taxtmi.com/caselaws?id=797651 A liquidator may complete a sale process lawfully initiated before liquidation where the process is adopted during liquidation, receives relevant stakeholder approval, and no material illegality or irregularity is established. The liquidation framework permits the liquidator to take custody and control of corporate-debtor assets and sell them without prohibiting completion of an earlier valid sale process. Allegations of undervaluation, absence of fresh valuation, or irregularity require material evidence of an unlawful sale or diminution of the liquidation estate. Former employees' admitted dues remain payable according to the statutory liquidation waterfall, which protects their distribution rights without invalidating a completed sale. en-us Fri, 21 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797651 A liquidator may complete a sale process lawfully initiated before liquidation where the process is adopted during liquidation, receives relevant stakeholder approval, and no material illegality or irregularity is established. The liquidation framework permits the liquidator to take custody and control of corporate-debtor assets and sell them without prohibiting completion of an earlier valid sale process. Allegations of undervaluation, absence of fresh valuation, or irregularity require material evidence of an unlawful sale or diminution of the liquidation estate. Former employees' admitted dues remain payable according to the statutory liquidation waterfall, which protects their distribution rights without invalidating a completed sale. Case-Laws IBC Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797651