Vesting of Title on Sale Confirmation: confirmation vests title despite subsequent insolvency moratorium, while certificate issuance is ministerial.

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....The note addresses whether a confirmed tax-sale transfers title when an insolvency moratorium later commences. It explains that under the Second Schedule and attendant rules, confirmation of a tax sale vests absolute title in the auction purchaser once purchase money is deposited; issuance of the sale certificate is a ministerial formality and merely evidences the date of vesting. Accordingly, a moratorium on proceedings under insolvency law cannot retrospectively nullify a sale that had already become absolute at confirmation. The practical effect is that confirmed sales completed before CIRP commencement remain effective and cannot be set aside by the moratorium.....