IBC - Auction sale - The outstanding dues of the property tax ...

Insolvency and Bankruptcy

November 24, 2021

IBC - Auction sale - The outstanding dues of the property tax relating to period prior to sale confirmation are thus dues that are akin to claim of an unsecured creditor (Bhatpara Municipality in the present case) and should be discharged in terms of the properties regarding distribution of assets given in section 53 of IBC. The auction-purchaser cannot be held liable to pay any such dues relating to period prior confirmation of sale - AT

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IBC - Auction sale - The outstanding dues of the property tax ...

Insolvency and Bankruptcy

November 24, 2021

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