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Indian Laws - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Liability of last owner - Where, as in cases of the E-auction ...

Indian Laws

June 2, 2020

Liability of last owner - Where, as in cases of the E-auction notice in question, the existence of electricity dues, whether quantified or not, has been specifically mentioned as a liability of the purchaser and the sale is on “AS IS WHERE IS, WHATEVER THERE IS AND WITHOUT RECOURSE BASIS”, there can be no doubt that the liability to pay electricity dues exists on the respondent (purchaser)

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