Corporate Debtor Auction Winner Can Seek Relief for Past Liabilities and Statutory Dues via Adjudicating Authority Application.

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Full Text of the Document

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....Difficulty faced by the Successful Auction Purchaser of Corporate Debtor as Going Concern - Scope of E-Auction documents, conditions and agreements - Discharge of past statutory dues and liabilities including tax dues - Liberty granted to file an Application before the Adjudicating Authority claiming reliefs/concessions/directions which may be necessary for operationalisation of the Corporate Debtor as per terms and conditions of the process document. - AT....