Properties sold In Auction Sale Before Declaration of Moratorium not Liquidation Asset under IBC: SC [Read Judgement]

Properties sold In Auction Sale Before Declaration of Moratorium not Liquidation Asset under IBC, rules SC
Supreme Court - Insolvency and Bankruptcy Code - IBC - TAXSCAN

In a significant ruling the Supreme Court of India ruled that the properties sold in auction sale before declaration of moratorium not liquidation asset under the Insolvency and Bankruptcy Code (IBC) 2016. A sale certificate was issued on 19th August 2019 under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of…

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